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Business, 03.04.2020 21:12 Jsanders2276
Sally's Shoes sold merchandise for cash to Happy's Distributing for $200, plus sales tax of $15. Happy's Distributing later returned the merchandise. The journal entry for Sally's Shoes to record the returned merchandise is:
debit Sales Returns and Allowances, $200, Sales Tax Payable, $15? credit Cash, $215
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Sally's Shoes sold merchandise for cash to Happy's Distributing for $200, plus sales tax of $15. Hap...
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