On July 10, 2020, Buffalo Ltd. sold GPS systems to retailers on account for a selling price of $820,000 (cost $656,000). Buffalo grants the right to return systems that do not sell in three months following delivery. Past experience indicates that the normal return rate is 15%. By October 11, 2020, retailers returned systems to Buffalo and were granted credits of $76,000. The company follows IFRS. Prepare Buffalo's journal entries to record the sale on July 10, 2020. (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.) Debit Credit Date Account Titles and Explanation July 10, 2020 (To record sale) July 10, 2020 (To record cost of goods sold) Prepare Buffalo's journal entries to record the $76,000 of actual returns on October 10, 2020. (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 Ofor the amounts.) Debit Credit Date Account Titles and Explanation October 10, 2020 (To record returns from customers) October 10, 2020 (To record return of inventory) October 10, 2020 (To adjust refund liability for end of right of return) October 10, 2020 (To adjust cost of goods sold for end of right of return)