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Forums › ACCA Forums › ACCA FA Financial Accounting Forums › Query regarding Sales Return
John sold goods to Ruth in May 2009 with a list price of $98,000. John allowed a trade discount of 10%. Ruth returned goods with a list price of $3,000 on 31 May and returned a further $5,000 of goods at list price on 6 June as they were found to be unsuitable.
How much should John record in the sales returns account at 31 May?
A. $2,700
B. $3,000
C. $7,200
D. $8,000
