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    Financial Accounting Study Set 1
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    Exam 6: Merchandising Operations and the Multistep Income Statement
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    When a Customer Returns for Credit a Defective Product It
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When a Customer Returns for Credit a Defective Product It

Question 168

Question 168

Multiple Choice

When a customer returns for credit a defective product it had purchased,the seller would record the transaction by:


A) debiting Cash.
B) debiting Sales Revenue.
C) crediting Sales Revenue.
D) debiting Cost of Goods Sold.

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