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One of Trent Company's customers returned products that had been sold on account for $800....

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Accounting

One of Trent Company's customers returned products that had been sold on account for $800. Which of the following correctly describes the effect on the financial statements of the return?

A contra-revenue account decreases $800.

Accounts receivable decrease $800.

Sales returns and allowances decrease $800.

Net sales increase $800.

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