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And pate Debit Caedit Account Title and Explanation cost of Goods sold $ 800 $800 merchandise Incentory In order to record inventory I shrinkage $9000 - $8200 = $800] sales aturn and allowances $ loco $100 Accounts Receivable Ale record sales detuons) (to $550 merchandise Inventory All -- Dr to cost of goods sold Ale (Being goods returned) $550 Thank you I hope you understand
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