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On Jan 5, a customer returned merchandise that had been purchased earlier on credit. The original sale was for $500, and the cost to the
On Jan 5, a customer returned merchandise that had been purchased earlier on credit. The original sale was for $500, and the cost to the seller was $150. Demonstrate the required journal entry to record the return on the books of the seller, assuming the goods can be sold to another customer
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Cost Accounting
Authors: M.Y. Khan, P.K. Jain
2nd Edition
9339203445, 9789339203443
