xxtislyssxx
Apr 10, 2007, 07:00 AM
I understood how to record an issuing of a credit to an accounts receivable, but now I'm confused on how to record a received credit for damaged merchandise.
The transaction is:
Received credit for damaged merchandise return to Maybee Plumbing, invoice #127. This is the merchandise that was returned to us from Lotus City Limited on 10/3.
How do I record this transaction?
The transaction is:
Received credit for damaged merchandise return to Maybee Plumbing, invoice #127. This is the merchandise that was returned to us from Lotus City Limited on 10/3.
How do I record this transaction?