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Prepare the journal entry to record the return

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Question - On July 3, 2019, Quikk-Mart received a shipment of T-shirts from Killers and Kings Clothing for an event. The invoice amounted to $9,440 and was recorded in the accounting system as an amount owing. Soon after the delivery was made, the marketing manager discovered that the logo was printed incorrectly. The goods were returned to Killers and Kings Clothing on July 22. The company uses a perpetual inventory system. Prepare the journal entry to record the return for Quikk-Mart on July 22. Account tile, Debit and Credit should be include?

Reference no: EM132906979

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