After making a sale,a seller may have customers that return goods.The seller uses the perpetual inventory system.This requires the seller to ________.
A) use historical data to record sales revenue in the amount that is expected to be received
B) record two adjusting entries to account for the estimated returns
C) reduce sales and cost of goods sold for the period
D) All of the statements are correct.

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The Answer of After making a sale,a seller may have customers that return goods.The seller uses the perpetual inventory system.This requires the seller to ________.
A) use historical data to record sales revenue in the amount that is expected to be received
B) record two adjusting entries to account for the estimated returns
C) reduce sales and cost of goods sold for the period
D) All of the statements are correct.

After Making a Sale,a Seller May Have Customers That Return