I need help with the accounts for journal entry #1 It is NOT a debit to sales return or allowance for uncollectible accounts I tried both and it doesn't work and I have one more try.

For journal entry #2 what are we crediting?

For journal entry #5 what are we crediting and what is the computation because I did (4% * 12,000,000 - 137,800)

and for journal entry #6 I did (309,700 * 65%)

Please tell me what I did wrong and why some of my accounts and numbers are not working I also know that for part two my number which is 447,400 for the refund liability is incorrect because my numbers in the previous computations seem to be incorrect.

Halifax Manufacturing allows 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 $350,000. During 2021, Halifax sold merchandise on account for $12,000,000. Halifax's merchandise costs is 65% of merchandise selling price. Also during the year, customers returned $474,000 in sales for credit, with $262,000 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. Required: 1. Prepare entries to (a) record actual returns in 2021 of merchandise that was sold prior to 2021; (b) record actual returns in 2021 of merchandise that was sold during 2021; and (c) adjust the refund liability to its appropriate balance at year end. 2. What is the amount of the year-end refund liability after the adjusting entry is recorded? Prepare entries to (a) record actual returns in 2021 of merchandise that was sold prior to 2021; (b) record actual returns in 2021 of merchandise that was sold during 2021; and (c) adjust the refund liability to its appropriate balance at year end. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) No Credit Year 2021 General Journal Allowance for uncollectible accounts Accounts receivable Debit 262,000 1 262.000 2 2021 170,300 Inventory Sales returns 170,300 3 2021 212,000 Sales returns Accounts receivable 212,000 4 2021 137,800 Inventory Cost of goods sold 137,800 5 2021 309,700 Sales returns Allowance for uncollectible accounts 309,700 6 2021 201,305 Inventory-estimated returns Cost of goods sold 201,305 x