Question: Decision Case 7-2 MicroData Solutions sells cutting-edge networking software. MicroDatas quality control officer estimates that 20% of the companys sales and purchases of merchandise inventory

Decision Case 7-2 MicroData Solutions sells cutting-edge networking software. MicroData’s quality control officer estimates that 20% of the company’s sales and purchases of merchandise inventory are returned for additional debugging. The company uses the perpetual inventory system. MicroData needs special journals for:

• Sales returns and allowances

• Purchase returns and allowances Design the two special journals. For each special journal, include a column for the appropriate business document (credit memo or debit memo).

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