3)Pag Inc. is a sporting goods manufacturer. The firm uses a periodic inventory system. Pag Inc. s hipped $20000 of defective goods to a retailer. The retailer and Pag Inc. agreed that the retailer would keep the goods in exchange for $3500 allowance. The cost of the goods was $2000. What journal entry would Pag Inc record?
Date
Debit
Credit
Db
Cr
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