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Sales Returns and Allowances have the effect of decreasing total revenue increasing total revenue increasing expenses increasing assets The entry to record the return of

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Sales Returns and Allowances have the effect of decreasing total revenue increasing total revenue increasing expenses increasing assets The entry to record the return of merchandise from a customer on which soles tax was charged includes a debit to Accounts Receivable a credit to Sales Tax Payable a credit to Sales Returns and Allowances a debit to Sales Tax Payable

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