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What the error would cause

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Question 1: A customer returned merchandise that he had paid for within a discount period for credit. The entry was recorded with a debit to Sales Returns and Allowances and a credit to Accounts Receivable for the net amount. This error would cause __________.

Option A. the period's end assets to be understated

Option B. the period's end liabilities to be understated

Option C. the period's net income to be understated

Option D. none of the above

Reference no: EM132560643

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