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assume the following data for alpine technologies doe the year ending July 31 20Y2 sales $900,000 estimated percent of sales expected to be refunded or

assume the following data for alpine technologies doe the year ending July 31 20Y2 sales $900,000 estimated percent of sales expected to be refunded or issued an allowance in 20Y3 1.5% estimated cost of inventory expected to be returned in 20Y3 illustrate the effects of the adjustments for customers refunds and returns on the accounts and financial statements of alpine technologies for the year ended july 31 20Y3

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