Dec. 31 Adjusting entries for customer refunds, allowances, and returns Swartz Company had sales of $7,800,000 and related cost of goods sold of $4,500,000 for its first year of operations ending December 31, 20Y3. Swartz Company provides customers a refund for any returned or damaged merchandise. At the end of 20Y3, Swartz Company estimates that customers will request refunds for 1.8% of sales and that merchandise costing $90,000 will be returned. Journalize the adjusting entries on December 31, 2013, to record the expected customer returns. If an amount box does not require an entry, leave it blank. 2013 Dec. 31 00 00