entry by Rasner Co. on April 19 to return the goods isis:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Rasner Co. returned defective goods costing $9,000
to Markum Company on April 19. The goods were
purchased April 10, on credit, terms 3/10, n/30. The
entry by Rasner Co. on April 19 to return the goods
isis:
O
O
O
O
Accounts Payable
Purchase Discounts
Inventory
Accounts Payable
Cash
Inventory
Accounts Payable
Inventory
Cash
Accounts Payable
Inventory
Debit
9,000
Debit
9,000
Debit
9,000
270
Debit
9,000
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