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The Following Journal Entry Was Included in the Accounting Records

Question 59

Multiple Choice

The following journal entry was included in the accounting records of Jonase, Inc. The following journal entry was included in the accounting records of Jonase, Inc.   This entry is needed when Jonase records the: A)  cost of merchandise sold. B)  sales price of merchandise sold. C)  cost of merchandise returned by a customer. D)  net effect of a sales transaction. This entry is needed when Jonase records the:


A) cost of merchandise sold.
B) sales price of merchandise sold.
C) cost of merchandise returned by a customer.
D) net effect of a sales transaction.

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