On November 8, 2019, Bison Ltd. sold Asper Co. products for $8,000 on credit and the products had cost Bison $3,000. The expected return rate is 8%. On December 29, 2019, Asper returned products worth 5600 to Bison and the returned products had a cost of $225 and are still in saleable condition What is the balance of Refund Liability as at November 8, 2019? $240 on credit. $240 on debit. $640 on debit. $640 on credit