Business, 09.10.2019 22:20 smithlanija65

Credit memos are created when a product is returned. a debit to sales returns and allowances and a credit to a/r is recorded when a credit memo is created. a credit memo will reduce a/r and write off the invoice. you have noticed that the a/r clerk, wes, has created an abnormally high number of credit memos. you notice the inventory does not reflect the additional inventory result- ing from the sales returns and allowances. what would you do and how would you document this decision?

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Credit memos are created when a product is returned. a debit to sales returns and allowances and a c...