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The sales return reserve reflects an estimate of sales returns based on projected merchandise returns determinec average return percentages. Re-create the journal entry this company

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The sales return reserve reflects an estimate of sales returns based on projected merchandise returns determinec average return percentages. Re-create the journal entry this company recorded related to 2021 to estimate future Sales Returns; make it clear what type of account is debited or credited and the amount

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GAO Financial Audit Manual Volume 2 Updated March 2021

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