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The transactions below took place at Washington Outdoor Adventures, a retail business that sells outdoor clothing and camping equipment. Indicate the general ledger accounts that
The transactions below took place at Washington Outdoor Adventures, a retail business that sells outdoor clothing and camping equipment. Indicate the general ledger accounts that would be debited and credited to record each transaction.
tableDateTransactionsMay Sold merchandise on credit; the transaction imvolved sales tax.,May Received checks from credit customers on account.,May tableAccepted a return of merchandise from a credit customer; theoriginal sale involved sales tax.May Sold merchandise for cash; the transaction involved sales tax.,May tableGave an allowance to a credit customer for damagedmerchandise; the original sale involved sales tax.May tableProvided a cash refund to a customer who returned merchandise;the original sale was made for cash and involved sales tax.
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