Which statement is true for the seller?
a. the sales discounts account is debited for defect...
Which statement is true for the seller?
a. the sales discounts account is debited for defective merchandise returned by a customer.
b. the sales discounts account is credited for defective merchandise returned by a customer.
c. the sales returns and allowances account is credited for defective merchandise returned by a customer.
d. the sales returns and allowances account is debited for defective merchandise returned by a customer.
Answers: 1
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