7 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare entries to (a) record actual returns in 2021 of merchandise that was sold prior to 2021; (b) record actual returns in 2021 of merchandise that was sold during 2021; and (c) adjust the refund liability to its appropriate balance at year end. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) No Year Credit Debit 333,000 1 General Journal Refund liability Accounts receivable 2021 333,000 2 2021 233,100 Inventory Inventory-estimated returns 233,100 3 2021 603,000 Sales returns Accounts receivable 603,000 4 2021 422,100 Inventory Cost of goods sold 422, 100 5 2021 145,900 Sales returns Refund liability 145,900 6 2021 102,130 Inventory-estimated returns Cost of goods sold 102,130 7 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare entries to (a) record actual returns in 2021 of merchandise that was sold prior to 2021; (b) record actual returns in 2021 of merchandise that was sold during 2021; and (c) adjust the refund liability to its appropriate balance at year end. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) No Year Credit Debit 333,000 1 General Journal Refund liability Accounts receivable 2021 333,000 2 2021 233,100 Inventory Inventory-estimated returns 233,100 3 2021 603,000 Sales returns Accounts receivable 603,000 4 2021 422,100 Inventory Cost of goods sold 422, 100 5 2021 145,900 Sales returns Refund liability 145,900 6 2021 102,130 Inventory-estimated returns Cost of goods sold 102,130