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Shaima traders returns goods worth $350 to Al Fatima LLC. . What journal entry will be recorded by Shaima Traders to record the above transaction?

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Shaima traders returns goods worth $350 to Al Fatima LLC. . What journal entry will be recorded by Shaima Traders to record the above transaction? > Done Dr. Payables Cr. Purchases Dr. Sales Returns Cr. Receivables Dr. Purchases Cr. Payables Dr. Payables Cr. Purchase Returns Norton Company purchased 1,000 widgets and has 200 widgets in its ending inventory at a cost of $91 each and a current market price of $80 each. The ending inventory as per IAS2 rule is: Done $80,000. $16,000. $91,000. $18,200

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