ProBuilder reports merchandise sales of $50,000 and cost of merchandise sales of $20,000 in its first year of operations ending June 30. It makes fiscal-year-end adjusting entries for estimated future returns and allowances equal to 2% of sales, or $1,000, and 2% of cost of sales, or $400. a. & b. Prepare the June 30 fiscal-year-end adjusting journal entry for future returns and allowances related to sales and cost of sales. View transaction list Journal entry worksheet 1 2 Record the expected sales to be refunded. Note Enter debitoredits Date General Journal Debit Credit June 30 Record entry Clear entry View general Journal