HW 5-Chapter 18 Question 5 of 20 < > View Policies Current Attempt in Progress /15 I Question List On March 10, 2020, Riverbed Company sold to Barr Hardware 160 tool sets at a price of $51 each (cost $29 per set) with terms of n/60, tob. shipping point. Riverbed allows Barr to return any unused tool sets within 60 days of purchase. Riverbed estimates that (1) 10 sets will be returned. (2) the cost of recovering the products will be immaterial, and (3) the returned tools sets can be resold at a profit. On March 25, 2020, Barr returned 6 tool sets and received a credit to its account. Question 1 -/20 Nette Question 2 -(201 Not stared Question 3 Accounting Dropdown 15 started Question 4 1/20 Accounting Munste (a) Prepare journal entries for Riverbed to record (1) the sale on March 10, 2020, (2) the return on March 25, 2020, and (3) any adjusting entries required on March 31, 2020 (when Riverbed prepares financial statements) Riverbed believes the original estimate of returns is correct. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts) No. Account Titles and Explanation Debit Credit Viewing Question 5 Accouting Mutp Question 6 Ang M (1) (To record sales) -/15 Sorte -15 Question 7 -120 Question Ange 10