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Timpany Products sells 400 units of inventory for $16,000 on account. The goods cost Timpany $18 per unit. Before Timpany receives payment, the customer returns

Timpany Products sells 400 units of inventory for $16,000 on account. The goods cost Timpany $18 per unit. Before Timpany receives payment, the customer returns 100 units. Prepare the journal entries to record each transaction under the periodic method.

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