During its first year of operations, Drone Zone Corporation (DZC) bought goods from a manufacturer on account at a cost of $50,000. DZC returned $8,000 of this merchandise to the manufacturer for credit on its account. DZC then sold $38,000 of the remaining goods at a selling price of $64.600. DZC records sales returns as they occur and then records estimated additional returns at year-end. During the year, customers returned goods and were issued gift cards equal in amount to the Initial selling price of $6,800. These goods were in perfect condition, so they were put back into DZC's inventory at their cost of $4.000 At year-end. DZC estimated $9,010 of current-year merchandise sales would be returned to DZC in the following year: DZC estimates $5,300 as its cost of this merchandise. Required: Prepare journal entries to record DZC's transactions and estimates, assuming DZC uses a perpetual Inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View Journal entry worksheet NO Transaction General Journal Credit Debit 50.000 Inventory