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How does this affect the subsidiary ledgers

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Reference no: EM131736884

Question - Returned $935 worth of faulty product to JCN Electrical. Received a Credit Memorandum for $935.

Debit: APC-JCN Electrical $935

Credit: Merchandise Inventory $935

How does this affect the subsidiary ledgers? Please Help! Thanks!

Reference no: EM131736884

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