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Step by step please estion 23 Elvel swered Town Merchandiser Incorporation (TMI), uses the perpetual inventory system. On April 2, TMI sold goods with a
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estion 23 Elvel swered Town Merchandiser Incorporation (TMI), uses the perpetual inventory system. On April 2, TMI sold goods with a cost of $5,500 for $10,000 with terms of 3/15, n/30. On April 4, the customer returned damaged goods of $1,000 with a coast of $540. On April 15, TMI received the payment for the sale. Give the journal entry that will be recorded on April 15 by TMI. Farked out of 180 Flag question Select one: Dr.Cash 8,000 Cr Accounts Receivable 7,760 Or Sales Discount 240 Dr. Cash 7,760 Dr. Sales Discount 240 Or Accounts Receivable 8.000 DONOSI 8,780 vindos aor sales discount 7 at FIT 270 Accounts Receivable 9.000 7,760 Cr. Accounts Receivable 240 Cr. Sales Discount 7,760 Dr. Cash 240 Dr. Sales Discount Cr. Accounts Receivable 8,000 Dr. Cash 8,730 Dr. Sales discount 270 Cr. Accounts Receivable 9,000 Dr sales. Discount 7,760 240 Drcos Cr. Accounts Receivable 9,000 Dr Accounts Receivable 8,000 Or Sales 8,000 2Step by Step Solution
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