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On september 8 defective goods with a selling price of 200

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On September 5, De La Hoya Hotels buys merchandise on account from Janet Diaz Company. The selling price of the goods is $1,500, and the cost to Diaz Company was $800. On September 8, defective goods with a selling price of $200 and a scrap value of $80 are returned. Record the transaction on the books of both companies.

Reference no: EM13576435

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