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On July 10,2023 , Pharoah Ltd, sold GPS systems to retailers on account for a selling price of $700,000 (cost $560,000 ), Pharoah grants the right to return systems that do not sell in three months following delivery. Past experience indicates that the normal return rate is 15%. By October 11,2023 , following the collection on account, retailers returned systems to Pharoah and were granted credits of $70,000. The company follows IFRS. Prepare Pharoah's journal entries to record the $70,000 of actual returns on October 10,2023 . (Credit account titles are automotically indented when the amount is entered. Do not indent monually. H no entry is required, select "No Entry" for the occount tities and enter 0 for the amcunts. List all debit entries before credit entries)