Problem

On March 17, All-Time Appliances was given an allowance of $1,125 by Four Star Appliance M...

On March 17, All-Time Appliances was given an allowance of $1,125 by Four Star Appliance Mart, which issued Credit Memorandum 112. The allowance was for scratches on stoves that were originally purchased on Invoice 911 dated February 20. Prepare the general journal entry that All-Time Appliances would make for this transaction.

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