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On May 15, 2023, Sandhill Ltd. sold conveyor systems to Sweet Acacia Inc. on account for a selling price of $469,000 {cost $328,300) terms nX30. Sandhill grants the right to return systems that do not sell within two months following delivery. Past experience indicates that the normal return rate is 10%. On July 11, 2023, Sweet Acacia returned systems to Sandhill and was granted credits of $35,700. By the time Sweet Acacia returned the systems, Sandhill's account had been paid in full. (c) Assuming Sandhill follows ASPE, prepare Sandhill's journal entries to record the sale on May 15, 2023, including any expected returns. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Account Titles and Explanation Debit Credit May 15, 2023 Accounts Receivable 469000 Sales Revenue 469000 (To record sale on account.) lay 15, 2023 Cost of Goods Sold Inventory (To accrue for sales returns.) lay 15, 2023 Cost of Goods Sold Estimated Inventory Returns Inventory (To record cost of goods sold.) e Textbook and Media Save for Later Last saved 1 hour ago. Attempts: 0 of 3 used Submit Answer Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes. (d) The parts of this question must be completed in order. This part will be available when you complete the part above