Prepare a Journal Towbin Products sells merchandise on credit for 57,000 on December 1, 2019, Themerchandise cost

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Prepare a Journal Towbin Products sells merchandise on credit for 57,000 on December 1, 2019, Themerchandise cost Towbin 54,900 (70% of the selling price), Towbin estimates that returs and allowances willamount to 4% of sales, On December 22, 2019, a customer returns for credit merchandise onginally sold onDecember 1 for $200

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Prepare a Journal Towbin Products sells merchandise on credit for 57,000 on December 1, 2019, Themerchandise cost

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