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Your answer is incorrect. In a perpetual inventory system, what accounts are credited when a customer returns merchandise to the seller that can be
Your answer is incorrect. In a perpetual inventory system, what accounts are credited when a customer returns merchandise to the seller that can be resold (i.e... the merchandise is not damaged and is returned to inventory)? Inventory and Cost of Goods Sold Accounts Receivable and Cost of Goods Sold Estimated Inventory Returns and Accounts Receivable Refund Liability and Inventory C M Q Mu 83 Qu Mul Vie
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