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A debit to sales returns and allowances and a credit to accounts receivable:

a. Reflects an increase in the amount due from a customer.

b. Recognizes that a customer returned merchandise and/or received an allowance.

c. Requires a debit memorandum to recognize the customer's return.

d. Reflects an increase in net sales.

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Elin Hessel
Elin HesselLv2
13 Feb 2020
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