Business
Business, 24.06.2019 20:30, brianaduenas619

In the current year, borden corporation had sales of $2,000,000 and cost of goods sold of $1,200,000. borden expects returns in the following year to equal 8% of sales. the unadjusted balance in inventory returns estimated is a debit of $6,000, and the unadjusted balance in sales refund payable is a credit of $10,000. the adjusting entry or entries to record the expected sales returns is (are)

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In the current year, borden corporation had sales of $2,000,000 and cost of goods sold of $1,200,000...

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