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Complete a T-account that shows the activity in the provision for sales returns account during the year. Assume that Pearson estimated that returns relating to
Complete a T-account that shows the activity in the provision for sales returns account during the year. Assume that Pearson estimated that returns relating to 2009 Sales to be 425 million. In reconciling the change in the account, two types of journal entries are required, one to record the estimated sales returns for the period and one to record the amount of actual book returns
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