Multiple Choice
Zhang Corporation returned $6000 of defective goods to Meli Inc.Meli has a strict policy of no cash refund.Meli should
A) write off the account receivable.
B) issue a credit memo to Zhang.
C) wait until Zhang places its next order to record the return.
D) not adjust their accounting records since $6000 is not material for Meli.
Correct Answer:

Verified
Correct Answer:
Verified
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