20 Ramonetleg Assume the following data for Casper Company before its year and adjustments Unadustad Balances Debit Credit Sales $1750,000 Cost of Merchandise Sold $1,000,000 Estimated Returns inventory 600 Customer Refunds Payable Estimated cost of merchandise that will be returned in the next year $8,000 Estimated percent of refunds for Current year sales 9.6% Journalize the adjusting entries for the following Estimated customer allowances 400 b. Estimated customer returns