For the year ended December 31,2025 , Davidson Mart had sales of $450,000 and cost of goods sold of $337,500. Davidson estimates that approximately 2% of the merchandise sold will be returned. The adjusting journal entry on December 31, 2025, would include a A. credit to Refunds Payable for $9,000 B. debit to Cost of Goods Sold for $6,750 C. credit to Estimated Returns Inventory for $6,750 D. debit to Sales Revenue for $2,250