8 9 10 11 13 Question 2 7.5 poin The following information related to the Jordanian company during the accounting period ended 31/12/2020 - The company sales the goods with right of return within (45) days On 7/ April the company sold goods on account amounted $180,000, it cost equals 560,000 -On 7/April the company estimated the percentage of return equals 40% - Assume on 30/4 that the buying company returns 10% of the amount of goods sold According to the above information answer the following questions: 1. The credit side of the journalize entry(entries) to record the sales transaction on 7/ April included: a sales revenue - $180,000 b. Allowance for right to return-S72,000 6. Account receivable - $108,000 d. None of the above 2. The credit side of the journalize entry(entries) to record cost of goods sold on 7/ April included a inventory - S60,000 b. estimated retum inventory- $24,000 c. inventory- $48.000 d None of the above 3. The debut side of the journalize entry(entries) to record the return goods on 30 April included a. account receivable - $18.000 b. Allowance for right to return $18,000 c. estimated return inventory - 56000 d. None of the above