Warto question B. Lopez Company reports unadjusted first-year merchandise sales of 260.000 and cost of merchandise sales of $90,000. The company expects future returns and allowances equal to 5% of sales and 5% cost of sales. The year-end adjusting entry to record the cost side of sales returns and allowance is Multiple Choice Credit Account Title Cost of Goods Sold Inventory Returns Estimated Debit 13,000 13,000 Account Title Inventory Returns Estimated Coat of Goods Sold Debit Credit 13,000 13,000 credit Debit 9.000 Account Title Cost of Good Sold Inventory Returns Estimated 3.000 Credit Account Title Inventory Returns Estimated Cost of Goods Sold Debit 13,000 13,000 Credit Account Title Cost of Goods Sold Inventory Returns Estimated Debit 9,000 9,000 Credit Account Title Inventory Returns Estimated Cost of Goods Sold Debit 4,500 4,500 Credit Debit 4,500 Account Title Accounts Receivable Inventory Returns Estimated 4,500