Question: WILL RATE During 2024, its first year of operations, Ashbaugh industries recorded sales of $21,300,000 and experienced returns of $1,430,000. Returns are accounted for as

WILL RATE

During 2024, its first year of operations, Ashbaugh industries recorded sales of $21,300,000 and experienced returns of $1,430,000. Returns are accounted for as they occur, with additional estimated returns accrued at the end of the period. Cost of goods sold totaled $14,910,000 0% of sales). The company estimates that 8% of allsales willbe returned. The year-end odjusting journal entry to account for anbicipsted seles returns would include a:

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