Business, 17.04.2020 05:27 zarrialamons16

After the amount due on a sale of $28,000, terms 2/10, n/eom, is received from a customer within the discount period, the seller consents to the return of the entire shipment. The cost of the merchandise returned was $ 16,800.

What is the amount of the refund owed to the customer? $
Journalize the entries made by the seller to record (A) the refund and ( B) the return of merchandise.
A. Sales Returned and Allowances Sales Discounts Cash

B. Merchandise Inventory Cost of Merchandise Sold

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