Easy Peasy Company records sales return during the year as a credit to accounts receivable. Sale of Merchandise, 3/10, n/30 600,000.00 Collection with in the discount period 116,400.00 Collection beyond discount period 200,000.00 Sales return granted 15,000.00 Sales return estimated at the end of the year 3,000.00 However, at the end of the accounting period the entity estimates the probable sales returns and records the same by means of an allowance account. Prepare journal entries to record the transactions