Kingbird Supplies Company sold 3,240 metal connectors on account to Door Incorporated for $202 each on September 15. Each metal connector costs Kingbird $155 to make. Door has 60 days to return the unused goods. On September 29, Door returns 52 connectors. Kingbird has a September 30 fiscal year end. At year end, Kingbird believes 77 connectors is a good estimate of the total that will be returned. The cost of recovering these products is immaterial. Kingbird expects to be able to resell these goods for a profit.

Kingbird Supplies Company uses a perpetual inventory.

a)Prepare the Journal entries to record the initial sales on September 15 for Kingbird Company.

b)Prepare the journal entries to record the return of goods on September 25 for Kingbird Company.

c)Prepare the journal entries to record the year-end adjustments based on estimated returns on September 30 for Kingbird Company.