Hiker's Haven had sales during the month of June that totaled $9,000. Based on experience, company management expects 4 percent of the sales amount will be refunded to customers in the form of sales retums and allowances. The cost to Hiker's Haven of the goods that are estimated to be retumed is $216 Read the term Requirement 1. Journalize the necessary journal entries to record the estimated refunds on June 30. No explanations are necessary. (Record detits fest, then credits Exclude explanations from any jual s Begin by making the adjusting journal entry for the estimated refund ability on June 30 Date June Journal Entry Accounts Debit Credit Requirements 1. Joumalize the necessary journal entries to record the estimated refunds on June 30. No explanations are necessary 2. How are the Estimated refund lability and Estimated inventory retums reflected on Hiker's Haver's financial statements for the month ended June 307 x