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Question 9 Not yet answered Marked out of 14.00 p Flag question Agro Company is presently testing a number of new agricultural seeds that it has recently harvested. To simulate interest, it has decided to grant to five of its largest customers the unconditional right to return these products if not fully satisfied. The right to return extends for 4 months. Agro Company sells these seeds on account for P5,000,000 (cost P3,000,000) on June 1, 2021. Customers are required to pay the full amount due by September 4, 2021. Assuming Agro Company estimates returns of 15% based on prior experience, the sales revenue on June 1, 2021 is Choose... Assuming Agro Company estimates returns of 15% based on prior experience, the cost of goods sold will be debited on June 1, 2021 at Choose... Assuming Agro Company estimates returns of 15% based on prior experience, the inventory will be reduced on June 1, 2021 at Choose... Assuming Agro Company estimates returns of 15% based on prior experience, the Accounts Receivable will be debited on June 1, 2021 by Choose... Choose... Assume that one customer returns to Agro Company P700,000 seeds on August 15, 2021 due to unsatisfactory performance, the account debited for the return is Assume that one customer returns to Agro Company P700,000 seeds on August 15, 2021 due to unsatisfactory performance, the account credited for the return is Assume that one customer returns to Agro Company P700,000 seeds on August 15, 2021 due to unsatisfactory performance, inventory (returned inventory) will be increased by Choose... Choose