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In its first year of business, Borden Corporation had sales of $2,080,000 and cost of goods sold of $1,240,000. Borden expects returns in the following

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In its first year of business, Borden Corporation had sales of $2,080,000 and cost of goods sold of $1,240,000. Borden expects returns in the following year to equal 6% of sales. The adjusting entry or entries to record the expected sales returns is (are)

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