Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare entries to (a) record actual returns in 2024 of merchandise that was sold prior to 2024; (b) record actual returns in 2024 of merchandise that was sold during 2024; and (c) adjust the refund liability to its appropriate balance at year end. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. No Year 2024 Refund liability Accounts receivable General Journal Debit 358,000 " Credit 358,000 2 2024 Inventory 214,800 Inventory-estimated returns 214,800 3 2024 Sales returns Accounts receivable 4 2024 Inventory Cost of goods sold 5 2024 Sales returns 6 2024 Refund liability Inventory-estimated returns Cost of goods sold 100 - L 292,000 292,000 175,200 175,200 207,000 x 207,000 BOO