Daly Inc. estimates its sales returns at the end of each month. They follow GAAP when accounting for sales returns. Daly uses the periodic inventory system. The following information is available for December 20X1: On December 1, the "Sales Return Liability" account had a normal account balance of $20,000. During December, actual sales returns were $14,000and the customers were given cash. At the end of December, the company computes that its "Sales Return Liability" account should have a year-end balance of $9,000. Required: Answer the following two questions. Question #1: When the company records the actual sales returns of $14,000, what summary journal entry should be made