In the current yew, Borden Corporation had sales of $2,000,000 and cost of goods sold of $1.265.000 Borden expects returns in the following year to equal 7% of sales. The unadjusted balance in Inventory Returns Estimated is a debit of $70,000, and the unadjusted balance in Sales Refund Payable is a credit of $23.000. The adjusting entry or entries to record the expected sales returns i fare Multiple Choice 126,100 Sales return and allowances Sales Cost of Goods Sold Inventory Returns Estimated 69,550 Sales Sales Refund Payable Accounts receivable 149.100 Accounts Receivable 2.100.000 2.130.00 Sales Payable Accounts receivable 126, 100 126,100 Sales Returns and Allowances Sales Refund Payable Inventory sited Cost of goods sold 126 10