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    Exam 4: Merchandising Operations and the Multiple-Step Income Statement
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    Crowder Corporation Recorded the Return of $200 of Goods Originally
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Crowder Corporation Recorded the Return of $200 of Goods Originally

Question 165

Question 165

Short Answer

Crowder Corporation recorded the return of $200 of goods originally sold on credit to Discount Industries. Using the periodic inventory approach, Crowder would record this transaction as: Crowder Corporation recorded the return of $200 of goods originally sold on credit to Discount Industries. Using the periodic inventory approach, Crowder would record this transaction as:

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