2. (SALES RETURNS) I said during class that the entry to record a sales return is really just a reversal of the sales entries, but with one exception. What did I mean by that?

As part of your answer describe the purpose of the account called Sales Returns. To supplement your answer, provide the journal entries to record (a) the $40,000 cash sale of two Honda Talons on March 1, assuming the total cost of the two Talons was $24,000 and (b) the subsequent return of one Talon on March 2, assuming a cost of $12,000 and a refund of $20,000. You need to consider both the sales and inventory components of these entries.