Business, 12.08.2020 06:01, HaseelM

On Jan. 5, a customer returned merchandise that has been purchased earlier on credit. The original sale was for $500 and the cost to the seller was $150.What is the required journal entry to record the return on the seller books? Assume all merchandise can be resold to another customer.

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On Jan. 5, a customer returned merchandise that has been purchased earlier on credit. The original s...