Current Attempt in Progress Bridgeport Company sold goods for $68000 on account to Bonita Inc. on November 20. Cost of goods sold is 35% of sales. Bonita has 60 days to return the goods for any reason. Based on past experience, Bridgeport expects Bonita to return 35% of the goods which it expects to be able to resell the returned goods at a profit. On December 1, Bonita returns $10000 worth of goods. If Bridgeport has a December 31 year-end, the adjusting journal entry for this sale O a debit to Returned Inventory for $8970, and Refund Liability for $8970. O is not needed. O will include a debit to Sales Returns and Allowance for $13800 and a credit to Refund Liability for $13800. O will include a debit to Sales Returns and Allowance for $13800 and a credit to Returned Inventory for $13800.