Help Save & Exit Sue 19 In the current year, Borden Corporation had sales of $2,000,000 and cost of goods sold of $1.200,000. Borden expects returns in the following year to equal 8% of sales. The unadjusted balance in Inventory Returns Estimated is a debit of $6,000, and the unadjusted balance in Sales Refund Payable is a credit of $10,000. The adjusting entry or entries to record the expected sales returns is (are): 1.6 points 8 01:39:01 Multiple Choice Sales Refund Payable Accounts receivable 15e, 6980 150, eee O Sales Sales Refund Payable Accounts receivable 2, eee, eee 160,000 1,840,000 20 Giorgio had cost of goods sold of $9,469 million, ending inventory of $2,137 million, and average inventory of $2,013 million. Its inventory turnover equals: 6 points Multiple Choice 01:38:43 0.22 O 824 days 776 days