Kim Sports uses special journals. It recorded in a sales journal a sale made on account to
Question:
Kim Sports uses special journals. It recorded in a sales journal a sale made on account to R. Yang Co. for ¥435 (amounts in thousands). A few days later, Yang returns ¥70 worth of merchandise for credit. Where should Kim record the sales return? Why?
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The entry for the sales return should be recorded in the general journal ...View the full answer
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Related Book For 
Accounting Principles
ISBN: 978-1119419617
IFRS global edition
Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt
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