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For each of the transactions listed below, select the journal that should be used to record the transaction. Use CR for cash receipts journal, CP for cash payments journal, S for sales journal, P for purchases journal, and G for general journal.
-Accepted a return of merchandise from a credit customer
Quantities Supplied
The amount of goods and services that producers are willing and able to sell at a given price over a specified period.
Price-Elasticity
A measure of how responsive the quantity demanded of a good is to a change in its price, indicating how shifts in price can affect supply and demand.
Quantity Supplied
The amount of a good or service that producers are willing and able to sell at a specific price.
Coefficient
A predetermined or specific number that is positioned in front of and serves to multiply the variable in a mathematical expression.
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