Teachinx + zakeAssignment/take Assignment Main.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Calculator Adjustment for Customer Refunds and Returns Assume the following data for Alpine Technologies for the year ending July 31, 2012 Sales $1,482,000 Estimated percent of sales expected to be 1.5% refunded or issued an allowance in 203 Estimated cost of inventory expected to be returned in 2013 $11,000 Illustrate the effects of the adjustments for customer refunds and returns on the accounts and financial statements of Alpine Technologies for the year ended July 31, 2012. If no account or activity is affected, select "No effect" from the dropdown and leave the corresponding number entry box blank, Enter account decreases and cash outflows as negative amounts. Balance Sheet Statement of Cash Flows Assets Liabilities + Stockholders' Equity No Ellect v Estimated Returns Inventory Customer Refunds Payable Retained Earnings 11,000 22,230 11,230 Statement of Cash Flows Income State Sales Cost of goods Previous Next Check My Work 8:16 PM 9/29/2020 Teachinx + zakeAssignment/take Assignment Main.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Calculator Adjustment for Customer Refunds and Returns Assume the following data for Alpine Technologies for the year ending July 31, 2012 Sales $1,482,000 Estimated percent of sales expected to be 1.5% refunded or issued an allowance in 203 Estimated cost of inventory expected to be returned in 2013 $11,000 Illustrate the effects of the adjustments for customer refunds and returns on the accounts and financial statements of Alpine Technologies for the year ended July 31, 2012. If no account or activity is affected, select "No effect" from the dropdown and leave the corresponding number entry box blank, Enter account decreases and cash outflows as negative amounts. Balance Sheet Statement of Cash Flows Assets Liabilities + Stockholders' Equity No Ellect v Estimated Returns Inventory Customer Refunds Payable Retained Earnings 11,000 22,230 11,230 Statement of Cash Flows Income State Sales Cost of goods Previous Next Check My Work 8:16 PM 9/29/2020