On March $10,2020,$ Wildhorse Company sold to Barr Hardware $220$ tool sets at a price of $$53$ each $($cost $$32$ per set$)$ with terms of n$/60,$ f$.$o$.$b$.$ shipping point. Wildhorse allows Barr to return any unused tool sets within $60$ days of purchase. Wildhorse estimates that $(1)10$ sets will be returned, $(2)$ the cost of recovering the products will be immaterial, and $(3)$ the returned tools sets can be resold at a profit. On March $25,2020,$ Barr returned $5$ tool sets and received a credit to its account. Assume that instead of selling the tool sets on credit, that Wildhorse sold them for cash.

$($a$)$ Prepare journal entries for Wildhorse to record $(1)$ the sale on March $10,2020,(2)$ the return on March $25,2020,$ and $(3)$ any adjusting entries required on March $31,2020($when Wildhorse prepares financial statements$).$ Wildhorse belives the original estimate of returns is correct.