Question: Que. # 5. Write down the journal entries for the following transaction in the books of a seller and in the books of a buyer

Que. # 5. Write down the journal entries for the following transaction in the books of a seller and in the books of a buyer under the perpetual method: (1+1)= 2

Transaction: The seller granted the buyer $1,100 allowance for damaged goods that the buyer agreed to keep.

I have only 20 min

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