McBeal & Company had sales of $10.750 for the month of December Management expects 6% of these sales to be returns or allowances. The cost of good associated with returns are $300 What would the adjusting entry on December 31 include? O A. Debit Cost of Goods Sold 3645 OB Credit Estimated Refund Liability $300 OC. Debit Estimated Inventory Returns $300 OD Credit Sales 5645