Business, 26.03.2020 23:55 wdw52001

Assume the following data for Oshkosh Company before its year-end adjustments: Unadjusted Balances Debit Credit Sales $51,600,000 Cost of Merchandise Sold $31,750,000 Estimated Returns Inventory 28,100 Customer Refunds Payable 115,400 Estimated cost of merchandise that will be returned in the next year $400,000 Estimated percent of refunds for current year sales 1.2% Journalize the adjusting entries for the following: (a) Estimated customer refunds and allowances\.\* (b) Estimated customer returns\.\* Refer to the Chart of Accounts for exact wording of account titles\.\*

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Assume the following data for Oshkosh Company before its year-end adjustments: Unadjusted Balances D...

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