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Please help with this discussion! Tell us the accounting principal that makes this adjusting entry necessary and the effects/reason of each account being debited and

Please help with this discussion!
Tell us the accounting principal that makes this adjusting entry necessary and the effects/reason of each account being debited and credited for this adjusting entry.
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The chapter discusses that at the end of every year the company make s adjusting entries for customer refunds, allowances, and returns. Tell us the accounting principal that makes this adjusting entry necessary and the effects/reason of each account being debited and credited for this adjusting entry

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