At December 31, Diane Photography Supplies estimated that aromata 1 of merchandie sold wi account for the estimated returns (Assume the company unes a perpetual inventory was cond da n h d Sales Revenue for the year was $90.000 with a cost of $50,000. Journalize the adjusting entries needed en nedits Select the explanation on the ste of the journal entry table) (1) Begin by preparing the cry for the estimated telands Do not prepare the entry to record the estimated Date Accounts and Explanation Debit Credit of merchandise with this entry. We will do that in the following stop Dec 31