Business
Business, 25.10.2019 02:43, Fireburntbudder

Dogs r us uses the perpetual inventory system to account for its merchandise. a customer returned this merchandise due to a defect. assuming that the purchase was originally bought on credit for $400 with a cost to dogs r us of $100, and the defective, returned merchandise is only estimated to be worth $30, demonstrate the required journal entry to record the return and to write down the defective merchandise.

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