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    Business
  3. Study Set
    Horngrens Accounting Study Set 2
  4. Exam
    Exam 5: Merchandising Operations and the Accounting Cycle
  5. Question
    In the Closing Entry Process, the Sales Returns and Allowances
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In the Closing Entry Process, the Sales Returns and Allowances

Question 39

Question 39

True/False

In the closing entry process, the sales returns and allowances account is debited.

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