Question: Sales Returns Adjusting Entry Estimated additional customer returns expected to be 0.5% of year end net sales revenue. Cost of additional expected returned inventory is

Sales Returns Adjusting Entry

Estimated additional customer returns expected to be 0.5% of year end net sales revenue. Cost of additional expected returned inventory is estimated to be 195$. 80% of additional expected returns are estimated to come from sales on account. 20% of additional expected returns are estimated to come from cash sales.

Net Sales = 61152

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