For the year ended December? 31, 2019, Davidson Mart had sales of $ 800 comma 000$800,000 and cost of goods sold of $ 600 comma 000$600,000. Davidson estimates that approximately 55?% of the merchandise sold will be returned. The adjusting journal entry on December? 31, 2019, would include a? _______.

. credit to Refunds Payable for $ 40 comma 000$40,000

B.

A. debit to Cost of Goods Sold for $ 30 comma 000$30,000

C.

D. debit to Sales Revenue for $ 10 comma 000$10,000

D.

C. credit to Estimated Returns Inventory for $ 30 comma 000