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Question 10 6 pts T. R. Holliday Corporation sold goods costing $4,100 for $6,700 on account. After two weeks, the customer returned the goods. The
Question 10 6 pts T. R. Holliday Corporation sold goods costing $4,100 for $6,700 on account. After two weeks, the customer returned the goods. The goods are defective. T. R. Holliday estimates that it will be able to resale them for about $1,100. This $1,100 amount is the amount at which the inventory should be recorded in T. R. Holliday books once it is returned by the customer. How much Cost of Goods Sold remains on the books from the original sale AFTER the sales return is recorded? $5,200 $5,600 $3,000 $1,100 0 50 $7.800 O $4,100
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