Unformatted text preview: Merchandise Returns and Allowances - Suppose The Disney Store has $900,000 of
gross sales on credit and $80,000 of sales
returns and allowances - Thejournal entries are: Accounts receivable 900,000
Sales 900,000 Sales returns and allowances 80,000 Accounts receivable 80,000 ...
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- Fall '07
- Financial Accounting