this answer is wrong, both section has 3 answers. You gave me for both just 2 answers.

Oriole Publishing Co. publishes college and university textbooks that are sold to bookstores on the following terms. Each title has a fixed wholesale price, terms fo.b. shipping point, and payment is due 60 days after shipment. The retailer may return a maximum of 30% of an order at the retailer's expense. Sales are made only to retailers who have good credit ratings. Past experience indicates that the normal return rate is 12% and the average collection period is 72 days. The company follows IFRS. (c) On August 8, 2023, Oriole shipped books invoiced at $30,000,000 (cost $24,000,000). Prepare the journal entry to record this transaction, including the expected returns. (Credit occount titles are outomatically indented when the amount is entered, Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries. entres. \begin{tabular}{l|l|l|l|l|} \hline Date & Account Titles and Explanation & Debit & Credit \\ \hline wgust 8,2023 & Accounts Recelvable & & \\ \hline & & & 30000000 \\ \hline Sales Revenue & & \\ \hline \end{tabular} (To record sale on account) ugust8,2023 Cost of Goods sold Inventory (To record cost of goods sold) eTextbook and Media Assistance Used