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can u please answer please.. the estimated customer allowances and estimates returns and place in a journal like the above picture . pleaseee Assume the
can u please answer please.. the estimated customer allowances and estimates returns
and place in a journal like the above picture . pleaseee
Assume the following data for Casper Company before its year-end adjustments: Unadjusted Balances Debit Credit Sales $1,750,000 Cost of Merchandise Sold $1,000,000 Estimated Returns Inventory 600 Customer Refunds Payable 400 Estimated cost of merchandise that will be returned in the next year $8,000 Estimated percent of refunds for 0.6% current year sales Journalize the adjusting entries for the following: a. Estimated customer allowances b. Estimated customer returns Journal Date Details Dr $ Cr$Step by Step Solution
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