If the customer remits the appropriate amount on

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Unformatted text preview: sh Page 34 Debit Credit GENERAL JOURNAL Date Description Jan. 6 Accounts Receivable Page 34 Debit Credit 1,000 Sales Revenue 1,000 If the customer remits the appropriate amount on January 14, what entry would Timberland make? GENERAL JOURNAL Date Description Jan. 14 Cash Page 34 Debit Credit 6 Merchandise may be returned by a customer to a supplier. A special price reduction, called an allowance, may be given as an incentive to keep the merchandise. To avoid misstating the financial statements, sales revenue and accounts...
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