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need help with a and b, please Assume the following data for Casper Company before its year-end adjustments: Sales Cost of Merchandise Sold Estimated Returns
need help with a and b, please
Assume the following data for Casper Company before its year-end adjustments: Sales Cost of Merchandise Sold Estimated Returns Inventory Customer Refunds Payable Estimated cost of merchandise that will be returned in the next year Estimated percent of refunds for current year sales I Unadjusted Balances Debit Credit $1,750,000 $1,000,000 600 400 $8,000 0.6% a. Journalize the adjusting entry for the estimated customer allowances. Sales Customer Refunds Payable Feedback Check My Work Partially correct b. Journalize the adjusting entry for the estimated customer returns. Estimated Returns Inventory Cost of Merchandise SoldStep by Step Solution
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