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On March 4, 2018, Quikk-Mart received a shipment of T-shirts from Bornstar Clothing for an event. The invoice amounted to $4,410 and was recorded in
On March 4, 2018, Quikk-Mart received a shipment of T-shirts from Bornstar Clothing for an event. The invoice amounted to $4,410 and was recorded in the accounting system as an amount owing. Soon after the delivery was made, the marketing manager discovered that the logo was printed incorrectly. The goods were returned to Bornstar Clothing on March 27. The company uses a perpetual inventory system.
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Prepare the journal entry to record the return for Quikk-Mart on March 27
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