gageNOW2 Online teachin x + akeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Z 300M MEHR CHOMM... E EverFi Educational... + m n h h I li |jh eBook Show Me How Calculator Curless Company Partial Trial Balance For Year Ended December 31, 20-- ACCOUNT TITLE DEBIT BALANCE CREDIT BALANCE Merchandise Inventory 149,000.00 Estimated Returns Inventory 800.00 Customer Refunds Payable 350.00 Sales 425,000.00 Sales Returns and Allowances 17,000.00 Cost of Goods Sold 287,000.00 Curless has made the following estimates for next year: Sales made this year of $9,800 will be returned next year and customers will be granted full refunds. The estimated cost of the inventory sold this year and expected to be returned by customers next year is $7,900. Open T accounts and enter the balances for the above accounts. Make appropriate adjustments to the T accounts. For grading purposes use the labels shown TB Trial balance (beginning balance) ATB Adjusted trial balance (ending balance) (1) Adjust the liability for refunds to the current estimate. (2) Adjust Estimated Returns Inventory to the current estimate. Assets Merchandise Inventory Check My Work 5 more Check My Work uses remaining gageNOW2 Online teachin x + akeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Z 300M MEHR CHOMM... E EverFi Educational... + m n h h I li |jh eBook Show Me How Calculator Curless Company Partial Trial Balance For Year Ended December 31, 20-- ACCOUNT TITLE DEBIT BALANCE CREDIT BALANCE Merchandise Inventory 149,000.00 Estimated Returns Inventory 800.00 Customer Refunds Payable 350.00 Sales 425,000.00 Sales Returns and Allowances 17,000.00 Cost of Goods Sold 287,000.00 Curless has made the following estimates for next year: Sales made this year of $9,800 will be returned next year and customers will be granted full refunds. The estimated cost of the inventory sold this year and expected to be returned by customers next year is $7,900. Open T accounts and enter the balances for the above accounts. Make appropriate adjustments to the T accounts. For grading purposes use the labels shown TB Trial balance (beginning balance) ATB Adjusted trial balance (ending balance) (1) Adjust the liability for refunds to the current estimate. (2) Adjust Estimated Returns Inventory to the current estimate. Assets Merchandise Inventory Check My Work 5 more Check My Work uses remaining