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When a customer returns a defective product it had purchased for credit, the seller would record the transaction by: A.) debiting Sales Returns and Allowances.
When a customer returns a defective product it had purchased for credit, the seller would record the transaction by:
A.) debiting Sales Returns and Allowances.
B.) debiting Cost of Goods Sold.
C.) crediting Sales Returns and Allowances.Incorrect
D.) debiting Cash.
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