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In August, Designs sold 520000 of merchandise; all sales were in cash. The cost of sales for august was 380000. Based on past experience, uses
In August, Designs sold 520000 of merchandise; all sales were in cash. The cost of sales for august was 380000. Based on past experience, uses an estimated return rate of 2% of sales. Record the journal entries for the monthly sales, cost of sales, estimated returns, and cost of estimated returns for .
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