Help 9 B Lopez Company reports unadjusted first-year merchandise sales of 200,000 and cost of merchandise sales of $50.000. The company expects future returns and allowances equal to 5% of sales and $% cost of sales. The year end adjusting entry to record the cost side of sales returns and allowances is Multiple Choice 300.64-03 O Account Title Debit Credit Inventory Returns Estimated 10,800 Cost of Goods sold 10,600 O Account Title Debit Credit Cost of Goods Sold 10,080 Inventory Returns Estimated 10,620 O Account Title Debit Credit Cost of Goods Sold Inventory Returns Estimated O Account Title Debit Credit inventory Returns Estimated 2,508 Cost of Goods Sold 2, see Account Title Debit credit Accounts Receivable 2,500 Inventory Returns Estimated 2,500