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Meta recorded sales of $22,900,000 and experienced returns of $1,590,000. Cost of goods sold totaled...

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Accounting

Meta recorded sales of $22,900,000 and experienced returns of $1,590,000. Cost of goods sold totaled $16.030.000(70% of sales) The company estimates that 8% of all sales will be returned. Assuming that this is the first year of operations for Meta, following adjusting entry should include

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