Answered: P50,000 of goods sold to IA on credit…

P50,000 of goods sold to IA on credit were returned due incorrect items delivered. If Shalom Company records credit sales using the gross method, what is the journal entry to recurd the return?

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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