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Patty Corp., a public company, delivers 3 , 2 0 0 units to a customer on 1 April for $ 8 0 ? unit. Patty
Patty Corp., a public company, delivers units to a customer on April for $ unit. Patty Corp. has a return policy where they
allow any customer to return any unused product within days and receive a full refund. The cost of each product is $ Based o
historical experience Patty estimates that customer will return of the units sold. Patty expects to be able to resell any returned
goods.
Assume that products are returned on May. No additional units are returned by May the end of the return period
Required:
Prepare the journal entries related to the sale of products. If no entry is required for a transactionevent select No journal entry
required" in the first account field.
Red text indicates no response was expected in a cell or a formulabased calculation is incorrect; no points deducted.
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