Question 24 1 pts Which of the following would be the correct format for the adjusting entry to estimate the amount of sales returns a company would expect? a. debit Sales Returns & Allowances credit Sales b. debit Sales credit Customer Refunds Payable debit Estimated Returns Inventory credit Cost of Goods Sold c. debit Sales credit Estimated Retums Inventory debit Cost of Goods Sold credit Sales Returns & Allowances d. debit Customer Refunds Payable credit Cash debit Merchandise Inventory credit Estimated Returns Inventory Letter B is correct Letter A is correct Letter C is correct Letter D is correct