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No. Account Titles and Explanation Debit Credit 1. To record sales) (To record cost of the merchandise sold) 2. To record sales returns and allowances)
No. Account Titles and Explanation Debit Credit 1. To record sales) (To record cost of the merchandise sold) 2. To record sales returns and allowances) To record cost of sales on sales returns) 3. 4. 5. 5. To reverse write-off of account receivable) To record recovery of uncollectible amount)
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