Question: Assume the following data for Alpine Technologies for the year ending July 31, 20Y2. Sales ............................................................................................$900,000 Estimated percent of sales expected to be refunded or

Assume the following data for Alpine Technologies for the year ending July 31, 20Y2.
Sales ............................................................................................$900,000
Estimated percent of sales expected to be refunded or issued an allowance in 20Y3....1.5%
Estimated cost of inventory expected to be returned in 20Y3...............................$6,000
Illustrate the effects of the adjustments for customer refunds and returns on the accounts and of Alpine Technologies for the year ended July 31, 20Y2.

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