Business
Business, 25.02.2020 05:53, michaelishawilliams

X-Mart uses the perpetual inventory system to account for its merchandise. A customer who purchased merchandise on account requested an allowance on a merchandise purchase due to its poor quality, but he did not return the goods back to X-Mart. Assuming that X-mart gives an allowance of $50 on the merchandise, demonstrate the required journal entry on X-Mart's books to record the allowance by selecting all of the correct actions below.

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X-Mart uses the perpetual inventory system to account for its merchandise. A customer who purchased...

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