Oriale Publishing Co. publistes college and university textbooks that are sold to bookstores on the following terms. Each title has a foxed wholesale price, terms tob. shipping point, and payment is due 60 days after shipment. The retailer may retum a maximum of 303 of an onder at the retailer's cxpense. Sales are made only to retailers who have good credit ratings. Past expericnce indicates that the normal return rate is 12% and the average collection period is 72 days. The company follows IFRS. (c) - Your answer is partially correct. On August 8, 2023, Oriole shipped books invoiced at $19,000,000 (cost $15,200,000). Prepare the journal entry torecord this transaction, including the expected returns. (Credit occount tities are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter ofor the omounts. Litt all debit entries before credit entries) On October 3,2023,$1,700,000 of the invoiced July sales were returned according to the return policy, and the remaining $17.300,000 was paid. Prepare the journal entries for the return and payment. (Credit account tities are automatically indented when the omount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List al debit entries before credit entries)