in the current year, borden corporation had sales of $2,020,000 and cost of goods sold of $1,210,000. borden expects returns in the following year to equal 6% of sales. the unadjusted balance in inventory returns estimated is a debit of $8,000, and the unadjusted balance in sales refund payable is a credit of $12,000. the adjusting entry or entries to record the expected sales returns is (are):
