grants the right to return systems that da not sell in three months followina de way Pest exparience indicates that the normal retum credits of $$71,000.$ The company follows IERS.

$($a$)$

$($b$)$

Your answer is partially correct.

Prepane Sheridari's journal antries to record the $971,000$ of actual returne on Qatober $10,2023.($Credit accuunt trutles are and enter $0$ for the amaunts. List ali debit entries before credit eneniest$)$

Sate Acoount Titles and Explanation

ar $10\mathrm{.}2023$ Reound Labtly

$($T$$ recund retums from custumers$)$

ir $10\mathrm{.}2023$

or $10\mathrm{.}2023$

$in10\mathrm{.}2023$

Esthenetad inventory Roturna

$($To recond retirn of inventory$)$

$($Ta adjust relund labilly for end of right of return$)$

$($Ta sajust coot of goods sold for end of right of return$)$