=+ (b) Illustrate the effects on the accounts and financial statements ofthe return and the refund. Merchandise

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(b) Illustrate the effects on the accounts and financial statements ofthe return and the refund.

Merchandise is sold on account to a customer for $9,200, terms FOB shipping point, 2/10, n/30.

The seller paid the transportation costs of $638. Determine the following:

(a) amount ofthe sale,

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Survey Of Accounting

ISBN: 9780538478144

4th Edition

Authors: Carl S. Warren

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Question Posted: Sep 19, 2024 02:28 PM

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=+ (b) Illustrate the effects on the accounts and financial statements ofthe return and the refund. Merchandise

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Survey Of Accounting

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