Organic Growth Company is testing a number of new agricultural seeds that it has recently harvested. To stimulate interest, it has decided to grant five of its largest customers the unconditional right to return these products if not fully satisfied. The right of return extends for four months. On April 2, 2023, Organic Growth sold these seeds on account for $1.2 million (cost $840,000). Customers are required to and do pay the full amount due by June 15, 2023. The company follows IFRS. Required: a) Prepare the SALES journal entry(s) for Organic Growth at April 2, 2023, assuming Organic Growth estimates returns of 15% based on prior experience. SELECT ALL THAT APPLY. Ca. CR Refund Liability 180,000 Ob. CR Sales 180,000 Oc. CR Refund Liability 1,020,000 Od. CR Cash 1,200,000 De. DR Cash 1,200,000 Of. CR Sales 1,200,000 Og. CR Unearned Revenue 180,000 Oh. CR Accounts Receivable 1,200,000 OCR Sales 1,020,000 Q.CR Unearned Revenue 1,020,000 Ok. DR Accounts Receivable 1,200,000 ude with a calor value of $150.000 b) What if? After full payment was received on June 15, 2023, one customer returned the seeds with a sales value of $150,000 on July 1, 2023. Assume Gross Profit % related to original sales was 35%. The customer will expect payment in 30 days. Prepare the journal entry(s) to record this transaction. How does the recording of the customer's return affect the financial statements? (You may use the Accounting Equation (i.e. A L+ E) to help answer this question.) SELECT ALL THAT APPLY. Ca. Change to Current Assets Decreases Ob. Net income Increases Oc. Retained Earnings Decreases Od. Change to Current Liabilities is $0 De. Change to Current Assets is $0 Of. Change to Current Liabilities Decreases Og. Change to Current Liabilities Increases Ch. Change to Current Assets Increases