In the current year, Borden Corporation had sales of $$2,000,000$ and cost of goods sold of $$1,200,000.$ Borden expects returns in

the following year to equal $8\%$ of sales. The unadjusted balance in Inventory Returns Estimated is a debit of $$6,000,$ and the

unadjusted balance in Sales Refund Payable is a credit of $$10,000.$ The adjusting entry or entries to record the expected

is $($are$)$:

A$)$

Accounts Receivable

Sales

B$)$

Sales returns and allowances

Sales

Cost of Goods Sold

Inventory Returns Estimated

C$)$

Sales

Sales Refund Payable

Accounts receivable

D$)$

Sales Refund Payable

Accounts receivable

E$)$

Sales Returns and Allowances

$150,000$

Sales Refund Payable

Inventory Returns Estimated

$2,000,000$

$2,000,000$

$150,000$

$150,000$

$90,000$

$90,000$

$2,000,000$

$160,000$

$1,840,000$

$150,0000$

$150,000$

$150,000$

$90,000$