Score: 0 of 4 pts 6 of 76 complete HW Score: 55.98%, 11.2 of 20 pts S5-3 (similar to) Question Help In August, Contemporary Designs sold 5600,000 of merchandise all sales were in cash. The cost of sales for August was $330,000. Based on past experience, Contemporary uses an estimated return rate of 5% of sales. Record the journal entries for the monthly sales, cost of sales, estimated returns, and cost of estimated return for August (Record debits first then credits. Exclude explanation from any Journal otries) Prepare the journal entry for the monthly sales. (Do not record the cost of sales, we will do that in the net site) Journal Entry Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then click Check Answer Clear All Check Answer 3 parts remaining