there are 2 total parts. Thank you!

DiSalvio Hall, Inc. is a major publisher of college textbooks. DiSalvio Hall allows college bookstores to return all purchases within two months of delivery. The company shipped $730,000 in textbooks in December 2023 based on orders for the spring 2024 semester. DiSalvio Hall estimates that 40% of the books will be returned. All shipments were on account, and unpaid at the time of returns Requirements a. Prepare the journal entry to record sales and estimated returns for 2023. Ignore cost of goods sold and inventory b. Assume that DiSalvio Hall reports $187,000 in total sales returns in February 2024. Prepare the journal entry required to record the total sales returns. Requirement a. Prepare the journal entry to record sales and estimated returns for 2023. Ignore cost of goods sold and inventory. (Record debits first, then credits. Exclude explanations from any journal entries.) Account December 2023 Requirement a. Prepare the journal entry to record sales and estimated returns for 2023. Ignore cost of goods sold and inventory. (Record debits first, then credits. Exclude explanations from any journal entries.) Account December 2023 [ 0 s Accounts Payable je textbooks. DiSalvio Hall allows college bookstore ompany shipped $730,000 in textbooks in Decemb io Hall estimates that 40% of the books will be retum time of returns F Accounts Receivable and estimated returns for 2023. Ignore cost of goods Cash bo in total sales returns in February 2024. Prepare th Purchase Returns Refund Liability F Sales Returns S cord sales and estimated returns for 2023. Ignore cos edits. Exclude explanations from any journal entries.) Sales Revenue December 2023