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Prepare Sweet Acacia's journal entries to record the $89,000 of actual returns on October 10, 2020. (Credit account titles are automatically indented when the
Prepare Sweet Acacia's journal entries to record the $89,000 of actual returns on October 10, 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date October 10, 2020 Account Titles and Explanation Allowance for Sales Returns and Allowances Debit 89000 Credit October Accounts Payable (To record return from customer) Returned Inventory 10, 2020 October 10, 2020 Estimated Inventory Returns (To record return of inventory) (To adjust allowance for sales return and allowances for 89000
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