Question: Water Source Inc. pays David and Co . a refund of $ 2 2 5 for merchandise damaged in shipment. David and Co . agrees

Water Source Inc. pays David and Co. a refund of $225 for merchandise damaged in shipment. David and Co. agrees to keep the merchandise. To account for this event, Water Source Inc.
a. decreases Cash and Customer Refunds Payable.
b. increases Cash and Customer Refunds Payable.
c. decreases Cash and increases Customer Refunds Payable.
d. increases Cash and decreases Customer Refunds Payable.

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