Question: Question 32 (5 points) Saved A merchandiser sold merchandise inventory on account. The journal entry to record a sales allowance in the books of the

Question 32 (5 points) Saved A merchandiser sold merchandise inventory on account. The journal entry to record a sales allowance in the books of the merchandiser, using the perpetual inventory system would be: Refunds Payable Accounts Receivable Estimated Returns Inventory Accounts Receivable Cost of Goods Sold Sales Returns and Allowances Sales Returns and Allowances Merchandise Inventory 188

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