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Adjusting Entries for Customer Refunds and Allowances Assume the following data for Oshkosh Company before its year-end adjustments: Sales $51,600,000 Estimated percent of refunds and

Adjusting Entries for Customer Refunds and Allowances Assume the following data for Oshkosh Company before its year-end adjustments: Sales $51,600,000 Estimated percent of refunds and allowances for 1.2% current year sales Journalize the adjusting entry for customer refunds and allowances. If an amount box does not require an entry, leave it blank. Sales Customer Refunds Payable

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