Retur

Prepare journal entries to record each of the following transactions of a merchandising company. The company uses a perpetual inventory system and the gross method. November $5.$

November $7$ Returned $30$ defective units from the November $5$ purchase and received full credit.

November $15$ Paid the amount due from the November $5$ purchase, minus the return on November $7.$

Answer is not complete.

Mc

Crav:

Prev.

$1$ of $4$

$36F$

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