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J Smith Purchases Merchandise from Hi-View Industries for $25,250 on Account

Question 35

Multiple Choice

J. Smith purchases merchandise from Hi-View Industries for $25,250 on account. Upon inspection of the merchandise received, J. Smith discovers damaged goods in the amount of $1,000 and requests to return the damaged merchandise to Hi-View Industries. What source document would Hi-View industries use for the journal entry to process this return?


A) Debit Memorandum
B) Credit Memorandum
C) Purchase Memorandum
D) Return Memorandum

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