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Business, 27.06.2019 09:20 debramknoxx

In the current year, borden corporation had sales of $2,070,000 and cost of goods sold of $1,235,000. borden expects returns in the following year to equal 7% of sales. the unadjusted balance in inventory returns estimated is a debit of $13,000, and the unadjusted balance in sales refund payable is a credit of $17,000. the adjusting entry or entries to record the expected sales returns is (are):

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In the current year, borden corporation had sales of $2,070,000 and cost of goods sold of $1,235,000...
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