V. Cruz Company uses special journals. A sale made on account to K. Allman for $435 was

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V. Cruz Company uses special journals. A sale made on account to K. Allman for $435 was recorded in a sales journal. A few days later, K. Allman returns $70 worth of merchandise for credit. Where should V. Cruz Company record the sales return? Why?

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Accounting Tools for business decision making

ISBN: 978-0470095461

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Authors: kimmel, weygandt, kieso

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Question Posted: Nov 08, 2022 01:32 AM

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V. Cruz Company uses special journals. A sale made on account to K. Allman for $435 was

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The V Cruz Company should record the sales return in the general journal as it is not a special jour...View the full answer

Accounting Tools for business decision making

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