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Unformatted text preview: Sales Returns and Allowances 100.00 Accounts Receivable 100.00 Sales Returns and Allowances Sell an item for $100 Accounts Receivable 100.00 Sales Revenue 100.00 Item has a small defect – Customer receives a $20 allowance Sales Returns and Allowances 20.00 Accounts Receivable 20.00 Customer pays the remaining balance due Cash 80.00 Accounts Receivable 80.00...
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This document was uploaded on 11/01/2011 for the course ACC 221 at Miami University.
- Fall '08