At December $31,2022,$ Skysong, Inc. estimates that goods with a selling price of $$3,900$ and a cost of $$1,560$ that were sold on

account during the current period will be returned during the next accounting period. On January $17,2023,$ the goods were returned

as estimated. The customer had not paid for the goods by the time of the return.

Record the entry or entries required to adjust for this information, as well as the subsequent return. $($If no entry is required, select $"$No

Entry" for the account titles and enter $0$ for the amounts. Credit account titles are automatically indented when amount is entered. Do not

indent manually. Record journal entries in the order presented in the problem.$)$

Date

Account Titles and Explanation

Debit

Credit

$($To record expected sales return$)$

$($To record the expected return of goods and

related reduction in Cost of Goods Sold$)$