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(Solution) - On July 15 goods costing 8 400 were sold for 12 000

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On July 15, goods costing $8,400 were sold for $12,000 on account. The customer returned the goods before paying for them. Make the journal entry or entries necessary on the books of the seller to record the return of the goods. Assume that the goods are not damaged and can be resold at their normal selling price. Also assume that the selling company uses a perpetual inventory system.


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This question was answered on: Jul 11, 2017

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