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i need major hep on this and have no clue how to solve Scott Company had sales of $12,350,000 and related cost of goods sold
i need major hep on this and have no clue how to solve
Scott Company had sales of $12,350,000 and related cost of goods sold of $7,500,000 for the year ending December 31, 2048 Scott provides customers a refund for any returned or damaged merchandise Scott Company estimates that customers will request refunds for 0.8% of sales and estimates that merchandise costing $48,000 will be returned in 2049. Joumalize the adjusting entries on December 31, 20Y8, to record the expected customer retums. Refer to the Chart of Accounts for exact wording of account titles Step by Step Solution
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