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The entry to record a sale of $620 with an estimated return rate of 5% will include a debit to Refund Liability for for $31.

The entry to record a sale of $620 with an estimated return rate of 5% will include a debit to Refund Liability for for \$31. debit to Sales for $31. credit to Sales for $589 credit to Accounts Receivable for $589

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