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On January 12,2018, Corner Mart received a shipment of T shirts from Promo Novelties for an event. The invoice amounted to 5000 and was recorded

On January 12,2018, Corner Mart received a shipment of T shirts from Promo Novelties for an event. The invoice amounted to 5000 and was recorded in the accounting system. Soon after the delivery was made, the marketing manager discovered that the logo was printed incorrectly. The goods were returned to Promo Novelties on January 31. Prepare the journal entry for Corner-Mart to record the return using the perpetual inventory system.

Date Account Title and Explanation Debit Credit

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