Question 2 The following information related to the Jordanian company during the accounting period ended 31/12/2020: - The company sales the goods with right of return within (45) days On 7/ April the company sold goods on account amounted $180,000, it cost equals $60,000 On 7/April the company estimated the percentage of return equals 20% - Assume on 30/4 that the buying company returns 10% of the amount of goods sold - According to the above information answer the following questions: 1. The credit side of the journalize entry(entries) to record the sales transaction on 7 April included: a. Allowance for right to retum- $36,000 b. Account receivable - $144,000 c. sales revenue - $180,000 d. None of the above 2. The credit side of the journalize entry(entries) to record cost of goods sold on 7 April included: a estimated return inventory- $12,000 b. inventory - $60,000 c inventory-S48,000 d. a+c 3. The debit side of the journalize entry(entries) to record the return goods on 30 April included: a. account receivable - $18,000 b. Allowance for right to return -18,000 s bacc. estimated return inventory - 56000 d None of the above