Question 5 (1 point) When management estimates a rate for return, at the time of sale this requires a credit to Cost of Goods Sold a credit to Refund Liability a credit to Estimated Inventory Returns a debit to Sales Revenue Question 6 (1 point) When an expense is incurred and recorded, what needs to happen at the same time for the accounting equation to balance? An increase in assets or a decrease in liabilities. An increase in assets. A decrease in assets or an increase in liabilities. A decrease in liabilities