owes sells merchandise to customers. Cost of inventory is 70% of the selling price. - Lowes uses a gross method to account for sales discount on early receipt of accounts receivables. - The terms for all Account Receivables are 2/10,n/30. - Merchandise becomes unreturnable after 5 months. In 2021, the beginning inventory for Lowes was $1,000,000. Lowes' sales transactions during 2021.2002 Which of the following is correct about journal entry Lowe's make on 4/30/2022? Multiple Choice Debit Refund Liability for $130,000. Credit Inventory-estimated returns for $105.000. Debit Inventory for $91,000 Credit Account refilivable for $130,000