Business, 17.06.2021 14:00 sarabell9080
ME company sold 200 units of its goods for $5 each. The COGS is $3 each. Prepare journal entries
for the transactions.
i) 10 days later, customer returned 50 units of goods
ii) 10 days later, customer wanted to return 50 defective units of goods, the company agreed to
reduce price to $3, so that the customer accepted the goods and not returned.
Answers: 2
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ME company sold 200 units of its goods for $5 each. The COGS is $3 each. Prepare journal entries
fo...
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