Question: can someone explain the answer for this in details please and how does returns and allowences or discounts affect the merchandise inventory account in general

can someone explain the answer for this in details please

and how does returns and allowences or discounts affect the merchandise inventory account in general

PURCHASE RETURNS AND ALLOWANCES On November 15, Z-Mart (buyer) issues a $300 debit memorandum for an allowance from Trex for defective merchandise. 300 Nov. 15 300 Accounts Payable.... Merchandise Inventory.. Allowance for defective merchandise

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