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X Company sold $1,000 worth of merchandise to a customer for $1,500. 3 days later, the customer returned $200 of the merchandise (sales price $300).
X Company sold $1,000 worth of merchandise to a customer for $1,500. 3 days later, the customer returned $200 of the merchandise (sales price $300). X's entry to record the return will include . 1.Credit to Sales for $300. . 2.Debit to COGS for $200. . 3.Debit to Inventory for $200 4.All of the above. . 0 1 O N 2 3 3 04
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