Prodaning the Proctoring Enabi Chapter 5 Quiz 16 Netherland Corporation has the following nagusted balances Accounts Receivable, $86,000 (debt), and Allowance for Sales Discounts $360 eredial or the receivables, $56.000 of them are within the 3% discount period, and Netherland expects buyers to take $1,680 in future period discounts 50.000 Jaring from this period's sales. The adjusting entry or entries to estimate sales discounts is (are) 48 MT Crane Credit Account Tre Rated recent Allevance for Sale Decounts Deble 1,320 1.J20 Dobit Addunt riele Accounts Receivable atas Credit 86.000 86,000 Account Piele Males Discount Accounts receivable Dabie 1,680 Credit 1.680 o Account Title Debit Credit 16 Credit Debit 86,000 Account Title Accounts Receivable Sales 86,000 00:54:43 Credit Account Title Sales Discounts Accounts receivable Debit 1,680 1,680 Credit Debit 56,000 Account Title Sales Discounts Sales Cost of Goods Sold Inventory Returns Estimated 56,000 1,680 1,680 Account Title Sales Discounts Allowance for Sales Discounts Credit Debit 1,680 1,680 Prectory A carga ne! sales of $378600 and its gross profit is $159.100 is cost of goods sold in 17 Me Choice SX/00 $37,600 515910 STORO O $219.500