Path p Words QUESTION 2 During 2018. its first year of operations, Williams inc. recorded sales of $15.000.000. It experienced sales returns of $825,000. Cost of Goods Sold totaled $9,750,000 (65% of sales. The company estimates that 6% of all sales will be returned. Prepare the year-end adjusting journal entries to account for the anticipated sales returns. Assume that all sales are made on credit and that all accounts receivable are outstanding