Please correct the following answers in part B Show all images Show all images Show all images done loading on July 10.2023. Ivanhoe Ltd. sold

Please correct the following answers in part B

on July 10.2023. Ivanhoe Ltd. sold GPS systems to retailers on account for selling price of $660,000 (cost 5528.000). Ivanhoe grants the right to return systems that do not sell in three months following deliver* Past experience indicates that the normal return rate is 15%. By October 11, 2023, following the collection on account, retailers returned systems to Ivanhoe and were granted credits of $68,000. The company follows ASPE_ You r Answer Correct Answer Your answer is correct. Prepare Ivanhoe's journal entries to record the sale on July 10.2023. (Credit account titles are automatically indented when the amount is entered. Do not indent rmnually. If no entry is select No Entry for the account titles and enter O for the amounts. List all debit entries before credit entries.) Iuly 10, 2023 Iuly 10, 2023 Iuly 10, 2023 Account Titles and Explanation Accounts Receivable Seles Revenue (To record sale on account) Sales Returns end Allowances Allmvarrce for Seles Returns Allowem:es (To accrue for sales returns) cost of Goods Sold Estimated Inventory Returns nventory Debit 448800 Credit 660000 99000 528000