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Question 18 5 pts A company records a sales return on an item from a customer who purchased the item on account. Indicate how this
Question 18 5 pts A company records a sales return on an item from a customer who purchased the item on account. Indicate how this transaction would impact the following sections on the financial statements: Assets Liabilities Owners' Equity Revenues Expenses A. Decrease No effect Decrease Decrease No effect B. Decrease No effect Increase Increase Decrease C. Increase Increase Increase Increase No effect D. No effect No effect No effect No effect No effect Answer A Answer B Answer C Answer D None of the answers are correct
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