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The entry to record a sale of $600 with an estimated return rate of 4% will include a debit to Sales for $24. O
The entry to record a sale of $600 with an estimated return rate of 4% will include a debit to Sales for $24. O credit to Accounts Receivable for $576. O debit to Refund Liability for for $24. O credit to Sales for $576.
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Financial and Managerial Accounting the basis for business decisions
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
17th edition
007802577X, 978-0078025778
