Webster HallJhs is a major pellisher of college texthooks, webster Halj,lice, allows college bookstores to return all purchases within two months of dellvery, The company shipped $$700,00$ in texthooks in Devember $2023$ based on orders for the spring $2024$ semester. Wehster Hall estimates that $35\%$ of the books will be returned. All shipmente were on accouint, and unpaid at the time of retures.

Requirements

a$.$ Prepare the jourtial entry to rocord sales and estimated returnis for $2023.$ Ignore cost of poods sold and inveritory

b$)$ Assume that Webster Hall reports $$189,000$ in toted sesles returne in Pebruary $2024.$ Prepare the journal entry required to record the tolesl Bstes retums

Pequirament a$.$ Prapare the journal entry to record selles and estimated returns for $2023$ I Iprore oost of poods sold and inventory. $($IRecord debite firet, then$)$ credif: Iuxdude aghtanafions from any journal entries $|$

$\backslash$table$[[$Arowint$,$Decomber $2023],[$S$,]]$

Keguirenent b$,$ Assume that Webster Hall reports $$189,000$ in total sales retums in Iebruary $2024.$ Prepare the joumal entoy reguired to recond the total sales retuims. $($hecond debits lirnt, then credits. Exclude explanations from any foumal entrines.$)$

$\backslash$table$[[$Aoohant$,$Nebindary $2024],[,]]$