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Current Attempt in Progress At December 3 1 , 2 0 2 5 , Metlock, Inc. estimates that goods with a selling price of $
Current Attempt in Progress
At December Metlock, Inc. estimates that goods with a selling price of $ and a cost of $ that were sold on account
during the current period will be returned during the next accounting period. Record the entries required to adjust for this
information. If no entry is required, select No Entry" for the account titles and enter for the amounts. Credit account titles are automatically
indented when amount is entered. Do not indent manually. List all debit entries before credit entries.
Date Account Titles and Explanation
Debit
Credit
Dec.
To record expected sales return
Dec.
To record the expected return and related reduction in Cost of
Goods Sold
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