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gOOvER gOOvER
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6 years ago
Perkins issued a $500 credit memo to a customer, Susan Richardson, for inventory that Richardson returned because it was not what she had ordered. What entry does Perkins make?
A)
Accounts Receivable-Richardson   500   
      Sales Returns and Allowances      500

B)
Sales Returns and Allowances   500   
      Accounts Payable-Richardson      500

C)
Sales Returns and Allowances   500   
      Accounts Receivable-Richardson      500

D)
Accounts Payable-Richardson   500   
      Sales Returns and Allowances      500
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
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KryzenKryzen
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6 years ago
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You make an excellent tutor!
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