Current Attempt in Progress On July 10, 2020, Grouper Music sold CDs to retailers on account and recorded sales revenue of $686,000 (cost $528,220). Grouper grants the right to return CDs that do not sell in 3 months following delivery, Past experience indicates that the normal return rate is 15%. By October 11, 2020 retailers returned CDs to Grouper and were granted credit of $75,900. Prepare Grouper's journal entries to record (a) the sale on July 10, 2020, and (b) $75,900 of returns on October 11, 2020, and on October 31, 2020. Assume that Grouper prepares financial statement on October 31, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry for the account titles and enter for the amounts.) No. Date Account Titles and Explanation Debit Credit (To record sales) (To record cost of goods sold) (To record sales returns) (To record cost of goods returned) (To record cost of goods sold) (To record sales returns) (To record cost of goods returned)