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estion Not yet answered Marked out of 10.0 p Flag question Journalize the transactions. Narratives may be omitted due to time. 10 pts Sept 12
estion Not yet answered Marked out of 10.0 p Flag question Journalize the transactions. Narratives may be omitted due to time. 10 pts Sept 12 Sold merchandise inventory on account, $30,000. The cost of the goods sold is $10,000 Sept 15 Gave a customer a cash refund of $4.000 from Sept 12 sate. Sept 25 Customer returned $200 worth of inventory. The cost of the merchandise returned is $75 B 1 T. A 0 Tii Ramone Thug Assume the following data for Casper Company before its year-end adjustments Unadjusted Balances Debit Credit Sales $1750,000 Cost of Merchandise Sold $1,000,000 Estimated Returns inventory 600 Customer Refunds Payable 400 Estimated cost of merchandise that will be returned in the next year sa,000 Estimated percent of refunds for current year sales 0.6% Journalize the adjusting entries for the following Estimated customer allowances b. Estimated customer returns
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