Current Attempt in Progress Indigo Company sold $64000 worth of goods on account to Marigold Inc. on June 20 . Indigo marks all goods up 25% on cost. Marigold has 45 days to return the goods for any reason. On July 1. Marigold returns $5600 worth of goods. Indigo expects to be able to resell the returned goods at a profit. The journal entries for Indigo to record the initial sales on June 20 included debits to Inventory for $64000, and Cash for $51200. No entry can be made because the items can be returned. Accounts Receivable for $64000, and Cost of Goods Sold for $51200. Accounts Receivable for $64000, and Sales of $51200