Your answer is correct. re the journal entry for Pharoah Growth at April 2 2017, assuming Pharoah Growth estimates returns of 20% based on prior experience. (Credit account titles are automatically indented when the amount s ente Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Date Account Titles and Explanation Debit Credit April 2, 201 AccountsReceivable 1600000 1200001 | U p2800001 und Liabili ales Reven (To record sales.) April 2, 2017 Estimated Returns 120000 of Goods Sold 7000001 nven (To record cost of goods sold.) Attempts: 1 of 3 used Your answer is partially correct. TY again. Assume that one customer returns the seeds on June 1, 2017. Prepare the journal entry to record this transaction, assuming this customer purchased $140,000 of seeds from Pharoah Growth. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter 0 for the amounts. Round answers to 0 decimal places e.g. 5,275.) Date Account Titles and Explanation Debit Credit June 1, 201Refund Liability ounts Receiva To record the sales return.) June 1, 2017 TInvento ry ated Inv Returns (To record inventory return.) Attempts: 1 of 3 used