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Recorded sales of $ 2 1 9 0 0 0 0 0 and experienced returns of $ 1 , 2 8 0 , 0 0

Recorded sales of $21900000 and experienced returns of $1,280,000. Cost of goods sold totaled $15,330000(70% of sales). The company estimates that 7% of all sales will be returned. Assuming that is the first year of operatios, Following adjusting entry should include

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