(Answered) Longmire amp sons made sales on credit to alderman sports

Accounting

Longmire & Sons made sales on credit to Alderman Sports totaling $500,000 on April 18. Longmire & Sons estimates 3% of its sales to Alderman may be returned. On May 22, $9,000 worth of goods are returned by Alderman Sports.

Prepare the related journal entries for Longmire & Sons.

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