On May 1,Houston Co.sold goods to a customer on account.On May 9,before payment had been received from the customer,the customer returned some of the goods.The returned goods cost Houston $1,000,and the customer had been charged $1,500.Show the effects of the return of goods on Houston's financial statements.

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The Answer of On May 1,Houston Co.sold goods to a customer on account.On May 9,before payment had been received from the customer,the customer returned some of the goods.The returned goods cost Houston $1,000,and the customer had been charged $1,500.Show the effects of the return of goods on Houston's financial statements.