B$.$ Lopez Company reports unadjusted first$-$year sales of $$200,000$ and cost of sales of $$50,000.$ The company expects future returns and allowances equal to $5\%$ of sales and $5\%$ cost of sales. Prepare the year$-$end adjusting journal entry for future returns and allowances related to cost of sales.

Multiple Choice

$\backslash$table$[[$Account Title,Debit,Credit$],[$Inventory Returns Estimated,$10,000,],[$Cost of Goods Sold,,$10,000]]$

$\backslash$table$[[$Account Title,Debit,Credit$],[$Cost of Goods Sold,$10,000,],[$Inventory Returns Estimated,,$10,000]]$

$\backslash$table$[[$Account Title,Debit,Credit$],[$Cost of Goods Sold,$5,000,],[$Inventory Returns Estimated,,$5,000]]$

B$.$ Lopez Company reports unadjusted first$-$year sales of $$200,000$ and cost of sales of $$50,000.$ The company expects future returns and allowances equal to $5\%$ of sales and $5\%$ cost of sales. Prepare the year$-$end adjusting journal entry for future returns and allowances related to cost of sales.

Multiple Choice

$\backslash$table$[[$Account Title,Debit,Credit$],[$Inventory Returns Estimated,$10,000,],[$Cost of Goods Sold,,$10,000]]$

$\backslash$table$[[$Account Title,Debit,Credit$],[$Cost of Goods Sold,$10,000,],[$Inventory Returns Estimated,,$10,000]]$

$\backslash$table$[[$Account Title,Debit,Credit$],[$Cost of Goods Sold,$5,000,],[$Inventory Returns Estimated,,$5,000]]$