PROBLEM: Botanic Choice sell natural supplements to customers with an unconditional right of return if they are not satisfied. The right of returns extends 60 days. Based on prior experience, estimated returns are expected to be 20%. All sales are paid in cash. On February 10, 2014, a customer purchases $3,000 of products (cost $1,500). Prepare the journal entry to record the sale and the cost of goods sold. Journal Entry to record the sale and cost of goods sold On February 10, 2014, a customer purchases $3,000 of products (cost $1,500). Prepare the journal entry to record the sale and the cost of goods sold.ournal en... Unanswered Cash (example: DR 300 or CR 2,000) Type your response Cost of Goods Sold Unanswered Open Estimated Inventory Returns Unanswered Open Inventory Unanswered Open Refund Liability Unanswered Open Sales Revenue Unanswered Open