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Issued debit memo number DM 004 to Zippidy-Doo (29900) for $5050.00 and returned a professional drum set which had major damage to the bass drum
Issued debit memo number DM 004 to Zippidy-Doo (29900) for $5050.00 and returned a professional drum set which had major damage to the bass drum and will require repair of replacement at the factory. The purchase was made on June 10 and the invoice number is ZD 299.
How would write this journal entry? ( I have written as (DR) Account Receivables and (CR) Sales Return and Allowance
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