8/education.wiley.com/ Homework: Chapter 18 Assignment Question 3 of 7 -/14.28 E Nash Company is presently testing a number of new agricultural seed planters that it has recently developed. To stimulate interest, it has decided to grant to five of its largest customers the unconditional right of return to these products if not fully satisfied. The right of return extends for 4 months Nash estimates returns of 15% Nash sells these planters on account for $1,400,000 cost $630,000) on January 2, 2020. Customers are required to pay the full amount due by March 15, 2020 (a) Prepare the journal entry for Nash at January 2, 2000. (Credit account titles ar automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts Date Account Titles and Explanation Jan 2.2020 (To recognize revenue) (To record cost of goods sold.) Ptype here to search Debit Credit 1245 PM