After the amount due on a sale of $42,000, terms 2/10, n/eom, is received from a customer within the discount period, the seller consents to the return of the entire shipment for a cash refund. The cost of the merchandise returned is $25,200.

a. What is the amount of the refund owed to the customer? 41,160

b. Journalize the entries made by the seller to record the return and the refund. If an amount box does not require an entry, leave it blank.

(a)	Inventory	fill in the blank 9ebd0104dfad023_2	fill in the blank 9ebd0104dfad023_3
	Estimated Returns Inventory	fill in the blank 9ebd0104dfad023_5	fill in the blank 9ebd0104dfad023_6
(b)	Customer Refunds Payable	fill in the blank 9ebd0104dfad023_8	fill in the blank 9ebd0104dfad023_9
	Cash	fill in the blank 9ebd0104dfad023_11	fill in the blank 9ebd0104dfad023_12