On November 8, 2020, Bison Ltd. sold Asper Co. products for $10,000 on credit and the products had cost Bison $4,000. The expected return rate is 5%. On December 29, 2020, Asper returned products worth $400 to Bison and the returned products had a cost of $160 and are still in saleable condition. What is the balance of Refund Liability as at November 8, 2020? $500 on debit $200 on debit $500 on credit $200 on credit 9