An entity sells fitness equipment to customers with an unconditional right of return if they are not satisfied. The right of returns extends 50 days. On February 20, 2020, a customer purchases $6,000 of products (cost $3,000) for cash. Assuming that based on prior experience, estimated returns are 20%. On March 10, 2020, the customer returns of $400 of merchandise. On March 31, 2020, the entity prepares financial statements. The journal entry to accrue the estimated return includes a a, credit to Refund Liability for $400. O b. credit to cost of goods solgifor $800. O c. credit to Account Receivable for $800. O d. debit to Estimated Inventory Returns for $400.