During its first year of operations, Drone Zone Corporation (DZC) bought goods from a manufacturer on account at a cost of $54,000. DZC returned $8,400 of this merchandise to the manufacturer for credit on its account. DZC then sold $42,000 of the remaining goods at a selling price of $68,600. 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 $7,200. These goods were in perfect condition, so they were put back into DZC's inventory at their cost of $4,400. At year-end, DZC estimated $9,410 of current-year merchandise sales would be returned to DZC in the following year, DZC estimates $5,700 as its cost of this merchandise. Prepare journal entries to record DZC's transactions and estimates, assuming DZC uses a perpetual Aventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 Record the purchase of goods from a manufacturer on account for $54,000. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Journal entry worksheet