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What the seller will issue to the customer a

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Reference no: EM132818052

Problem 1: When a seller of, merchandise allowed a customer a reduction from the original price for defective goods, the seller will issue to the customer a

a. credit memorandum.         C. official receipt.

b. debit memorandum.           d. sades invoice.

Problem 2: When the seller advances the transportation costs and the terms of sale are FOB shipping point, the seller records the payment of the transportation costs by debiting

a. accounts payable.            C. sales.

b. accounts receivable.          d. transportation in.

Reference no: EM132818052

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