When a vendor is exposed to continued risks of ownership because of potential return of the product, which of the following accounting procedures should NOT be used? not recording the sale until all return privileges have expired recording the sale, but reducing revenue by an estimate of future returns recording the sale, but ignoring future returns recording the sale, and accounting for returns as they occur in future periods Sarasota Deals selis household furniture and apoliances. The manager decided to sell a couch to a customer at a 75% discount with 9 months to pay. no interest and no deposit, because the couch was no longer in style and had been sitting in the back of the warehouse for over 2 years Normally, the maximum discount is 10% and customers are never given more than 30 days to pay. The final sale price of the couch was $560. What would be the appropriate journal entry when the customer picks up the couch? Sales 560 Accounts Recelvable 560 Sales 560 Cash 560 Sales 112 Accounts Recelvable 112 No Entry