On July 10, 2017, Sweet Acacia Music sold CDs to retailers on account for a selling price of $660,000 (cost $528,000). Sweet Acacia grants the right to return CDs that do not sell in three months following delivery. Past experience indicates that the normal return rate is 15%. By October 11, 2017, retailers returned CDs to Sweet Acacia and were granted credits of $68,000.

Prepare Sweet Acacia's journal entries to record the sale on July 10, 2017. The company follows IFRS

Prepare Sweet Acacia's journal entries to record the $68,000 of actual returns on October 10, 2017. The company follows IFRS

What are the entries that are incorrect?