Print Item Adjusting Entries for Customer Refunds and Allowances Assume the following data for Oshkosh Company before its year-end adjustments: Sales $51,600,000 Estimated percent of refunds and allowances for current year sales 1.2% Journalize the adjusting entry for customer refunds and allowances. If an amount box does not require an entry, leave it blank. Sales 50,568,000 X Customer Refunds Payable 619,200 X