When the seller records a sales return or a sales allowance, sometimes they also adjust cost of

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When the seller records a sales return or a sales allowance, sometimes they also adjust cost of goods sold and inventory, and sometimes they do not. Explain when it is necessary to also record an entry in the cost of goods sold and inventory accounts, what is debited and credited, and what amount is used.
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Accounting Principles Part 1

ISBN: 978-1118306789

6th Canadian edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow

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