Question: PLEASE EXPLAIN HOW YOU GOT TO YOUR ANSWER SO I CAN UNDERSTAND. Sales-Related Transactions After the amount due on a sale of $46,500, terms 2/10,

PLEASE EXPLAIN HOW YOU GOT TO YOUR ANSWER SO I CAN UNDERSTAND.

Sales-Related Transactions After the amount due on a sale of $46,500, terms 2/10, n/eom, is received from a customer within the discount period, the seller consents to a $3,800 cash refund for defective merchandise. Journalize the entry to record the cash refund. If an amount box does not require an entry, leave it blank. Customer Refunds Payable Cash

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