Business, 03.06.2021 15:40 catherine51
A seller uses a periodic inventory system, and on April 4, it sells $5,000 in merchandise on credit (when its cost is $2,400) to a customer on credit terms of 3/10, n/30. On April 5, the customer returns merchandise for a cash refund of $500.
Required:
Complete the seller's necessary journal entry.
Answers: 2
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A seller uses a periodic inventory system, and on April 4, it sells $5,000 in merchandise on credit...
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