need help woth the balance sheet. it is not accounts receivables, allowances for sales and returns, returned inventory, or inventory.

Prepare journal entries for Sage to record (1) the sale on March 10, 2020, (2) the return on March 25, 2020, and (3) any adjusting entries required on March 31, 2020 (when Sage prepares financial statements). Sage believes the original estimate of returns is correct. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter for the amounts.) No. Account Titles and Explanation Debit Credit (1) Cash 10920 Sales Revenue 10920 (To record cash sales) Cost of Goods Sold 6510 6510 Inventory (To record cost of goods sold) (2) Sales Returns and Allowances 364 364 Accounts Payable (To record sales returns) Returned Inventory 217 Cost of Goods Sold 217 (To record cost of goods returned) (3) Sales Returns and Allowances 156 156 Sales Revenue (Adjusting entry for sales returns) Estimated Inventory Returns 93 93 Cost of Goods Sold (Adjusting entry for cost of goods sold) Indicate the income statement and balance sheet reporting by Sage at March 31, 2020, of the information related to the Barr sales. (List Assets in order of liquidity) Income Statement (partial) For the Quarter Ended March 31, 2020 Sales Revenue 10920 520 Less : Sales Returns and Allowances Net Sales 10400 Cost of Goods Sold 6200 4200 Gross profit Balance Sheet (partial) March 31, 2020 10920 Cash 364 Sales Returns and Allowances