Lavender corporation sells 100 jars of essential oil to bed, bath, and relax on december 1, 20x5, for $10 each on account. lavender offers a right to return the product for any reason. based on past sales, lavender expects bed, bath, and relax to return 5 jars. what adjusting journal entry, if any, should lavender record on december 31, 20x5, to reflect bed, bath, and relax's expected sales returns?
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Lavender corporation sells 100 jars of essential oil to bed, bath, and relax on december 1, 20x5, fo...
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