Netherland Corporation has the following unadjusted balances: Accounts Receivable, $98,000 (debit), and Allowance for Sales Discounts...

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Netherland Corporation has the following unadjusted balances: Accounts Receivable, $98,000 (debit), and Allowance for Sales Discounts $480 (credit). Of the receivables, $68,000 of them are within the 3% discount period, and Netherland expects buyers to take $2,040 in future-period discounts ($68,000 3%) arising from this period's sales. The adjusting entry or entries to estimate sales discounts is (are): Multiple Choice Sales Discounts. 1,560 Allowance for Sales Discounts 1,560 Sales Discounts 2,040 Allowance for Sales Discounts 2,040 Sales Discounts 68,000 Sales 68,000 Cost of Goods Sold 2,040 Inventory Returns Estimated 2,040 Netherland Corporation has the following unadjusted balances: Accounts Receivable, $98,000 (debit), and Allowance for Sales Discounts $480 (credit). Of the receivables, $68,000 of them are within the 3% discount period, and Netherland expects buyers to take $2,040 in future-period discounts ($68,000 3%) arising from this period's sales. The adjusting entry or entries to estimate sales discounts is (are): Multiple Choice Sales Discounts. 1,560 Allowance for Sales Discounts 1,560 Sales Discounts 2,040 Allowance for Sales Discounts 2,040 Sales Discounts 68,000 Sales 68,000 Cost of Goods Sold 2,040 Inventory Returns Estimated 2,040