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On January 5, 2014, Jay Corp. sold inventory to a customer for $25,000, with terms of 1/20, net 30. The inventory cost $12,500. On January
On January 5, 2014, Jay Corp. sold inventory to a customer for $25,000, with terms of 1/20, net 30. The inventory cost $12,500. On January 8, 2014, the customer returned one-half of the inventory. Complete the necessary adjustment by selecting the account names and dollar amounts from the drop-down menus.
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