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Recording a purchase allowance. On April 7. Fisher & Sons Appliances was given an allowance of $1,210 by Modern Kitchens, which issued Credit Memorandum 112.
Recording a purchase allowance. On April 7. Fisher \& Sons Appliances was given an allowance of $1,210 by Modern Kitchens, which issued Credit Memorandum 112. The allowance was for scratches on stoves that were originally purchased on Invoice 911 dated March 20. Prepare the general journal entry that Fisher \& Sons Appliances would make for this transaction
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