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Cost of the merchandise returned

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Journalize: Showcase Co., a furniture wholesaler, sells merchandise to Balboa Co. on account, $33,100, terms n/30. The cost of the merchandise sold is $19,900. Showcase Co. issues a credit memo for $5,600 for merchandise returned prior to Balboa Co. paying the original invoice. The cost of the merchandise returned is $3,400.

Reference no: EM132419799

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