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On December 20th WSS received sales return request in the mail from EWU. The request...

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Accounting

On December 20th WSS received sales return request in the mail from EWU. The request was approved and the acknowledgement copy mailed to EWU. Later, WSS received all goods that WSS had authorized EWU to return for a credit against their account. How would both of these transactions be recorded to comply with GAAP

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