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Widgets4U Company sold widgets to a customer for $60,000. The customer paid cash in full. The invensory that was nold cost Widgets4U 56,000 , Widgetstu

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Widgets4U Company sold widgets to a customer for $60,000. The customer paid cash in full. The invensory that was nold cost Widgets4U 56,000 , Widgetstu originaly paid $1,500 up front for the irventory, with the remainder on acoount. Widgets 4 estimates that 2% of sales will retumed. Customers actually returnod inventory that Widgete4t sold for $600 Write the journal entrios nocessary for Widgels4U to acoount for the actual retum of the invertory (2 entrios)

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