How would the allowance be recorded by furniture warehouse

Reference no: EM133610177

Question: Racer, Inc. purchased $10,000 of furniture from Furniture Warehouse on account. The cost of the goods was $5,000. Four days later, Furniture Warehouse granted Racer a $3,000 allowance for goods damaged in transit. How would the allowance be recorded by Furniture Warehouse

Reference no: EM133610177

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