Question
On March 1, Dilbert Inc sells 2,000 units to Tundra Inc for $5/unit or a total of $10,000. Dilbert's cost is $3/unit. On March 5,
On March 1, Dilbert Inc sells 2,000 units to Tundra Inc for $5/unit or a total of $10,000. Dilbert's cost is $3/unit. On March 5, Tundra returns 300 units because they are the wrong size for Tundra's customers.
What is Tundra's journal entry on March 5 to record the return?
DR: [ Select ] ["Accounts Receivable", "Sales Returns and Allowances", "Inventory", "Accounts Payable"] [ Select ] ["1,500", "10,000", "900", "6,000"]
CR: [ Select ] ["Sales Returns and Allowances", "Accounts Receivable", "Inventory", "Accounts Payable"] [ Select ] ["1,500", "10,000", "900", "6,000"]
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