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If Returned Merchandise Is Not Damaged and Can Be Sold

Question 23

Multiple Choice

If returned merchandise is not damaged and can be sold again, the seller must record two journal entries. What will the seller record as the second journal entry?


A) Sales Returns and Allowances Accounts Receivable
B) Accounts Receivable Sales
C) Inventory Cost of Goods Sold
D) Inventory Accounts Receivable

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