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Assuming Maxx follows IFRS, prepare Maxx's journal entries to record the $38,500 of actual returns on July 11 , 2023. (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 0 for the amounts. List all debit entries before credit entries.) J J J J Assuming Maxx follows ASPE, prepare Maxx's journal entries to record the sale on May 15, 2023, including any expected returns. (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 0 for the amounts. List all debit entries before credit entries.) On May 15, 2023, Maxx Ltd. sold conveyor systems to Pharoah Inc. on account for a selling price of $472,000 (cost $325,680 ) terms n/30. Maxx grants the right to return systems that do not sell within two months following delivery. Past experience indicates that the normal return rate is 10%. On July 11,2023 , Pharoah returned systems to Maxx and was granted credits of $38,500. By the time Pharoah returned the systems, Maxx's account had been paid in full