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View Full Version : Journal entry for perpetual system


rose_fleure
Nov 2, 2007, 07:16 PM
Returned merchandise to the company and accepted credit agaianst future purchases. Its cost, net of the discount, was $792

Which accounts are affected> thank you.

CaptainForest
Nov 3, 2007, 04:02 PM
Dr. AR/Store Credit 792
Cr. Inventory 792