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Business, 20.09.2020 16:01 ahamim099091

Botanic choice sell natural supplements to customers with an unconditional right of return if they are not satisfied. The right of returns extends 60 days. Based on experience, estimated returns are expected to be 20% all sales are paid in cash. On February 10, 2014, a customer purchases $3,000 of products (cost1,500). Required:
Prepare the journal entry to rexcord the sale and the cost of goods sold.

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