Returned 935 worth of faulty product to jcn electrical


Question - Returned $935 worth of faulty product to JCN Electrical. Received a Credit Memorandum for $935.

Debit: APC-JCN Electrical $935

Credit: Merchandise Inventory $935

How does this affect the subsidiary ledgers? Please Help! Thanks!

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Accounting Basics: Returned 935 worth of faulty product to jcn electrical
Reference No:- TGS02532399

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