In its first year of business, Borden Corporation had sales of $2,050,000 and cost of goods sold of $1,225,000. 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): https/ewconnect theducation.com/flow/connecthtml Helps Multiple Choice 1 23,000 Sales returns and allowances Sales Cost of Goods Sold Inventory Returns Estimated 123, see 73, see 73,500 I sales Sales Refund Payable Accounts receivable 2.ese.ee 1 23, eee 1,927, eeel 2.asa, Accounts Receivable Sales 2,050,000 connectiheducation.com/ connect Sad Help o Sales Sales Refund Payable Accounts receivable 2,050,000 T T 123,000 1,927, eee o 2.ese.eeel Accounts Receivable Sales 2,050,00 2. ese. eee 1 Sales Returns and Allowances Sales Refund Payable Inventory Returns Estimated Cost of goods sold 23,000 1 73,50 23,00 123,000 Sales Refund Payable Accounts receivable 123,00