For the year ended December 31, 2025, Davidson Mart had sales of $400,000 and cost of goods sold of $300,000. Davidson estimates that approximately 5% of the merchandise sold will be returned. The adjusting journal entry on December 31, 2025, would include a A. debit to Sales Revenue for $5,000 B. credit to Refunds Payable for $20,000 OC. debit to Cost of Goods Sold for $15,000 OD. credit to Estimated Returns Inventory for $15,000