Halifax Manufacturing alows its customers to return merchandise for any reason up to 90 days after delivery and receive a credit to their accounts. All of Halifax's sales are for credit (no cash is collected at the time of sale). The company began 2021 with a refund liability of $410,000. During 2021, Halifax sold merchandise on account for $13,500,000. Halifax's merchandise costs is 65% of merchandise selling price. Also during the year, customers returned $532,000 in sales for credit with $294,000 of those being returns of merchandise sold prior to 2021, and the rest being merchandise sold during 2021. Sales returns, estimated to be 4% of sales, are recorded as an adjusting entry at the end of the year. Journal entry worksheet K 1 2 3 5 6 > Record the actual sales return of merchandise sold prior to 2021. Note: Enter debits before credits Year General Journal Dobit Credit 2021 Record entry Clear entry View general Journal Rocuired2 View transaction list Journal entry worksheet Journal entry worksheet View transaction list Journal entry worksheet merchandise that was sold during 2021; and (c) adjust the refund liability to its a for a transaction/event, select "No journal entry required" in the first account field View transaction list Journal entry worksheet