Question 12. Sales returns are estimated to be a percentage of current receivables only. Make the journal entry to estimate the amount of sales returns. Current receivables 162,000 3% Sales returns are estimated to be a percentage of current receivables only. Older receivables had already been figured in, during earlier months. Question 13. A customer returned something that customer had bought. Make the journal entry for the return by the customer. Money amount of what was returned by customer 515