On November 8,2019, Bison Ltd. sold Asper Co. products for $8,000 on credit and the...
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On November 8,2019, Bison Ltd. sold Asper Co. products for $8,000 on credit and the products had cost Bison $3,000. The expected return rate is 8%. On December 29,2019 , Asper returned products worth $600 to Bison and the returned products had a cost of $225 and are still in saleable condition. What is the balance of Refund Liability as at November 8,2019 ? $240 on debit. $640 on credit. $640 on debit. $240 on credit. Page 10 of 19
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