Business, 09.12.2019 22:31 kamal81

Rusty hardware makes only cash sales. it began 2021 with a credit balance of $32,000 in the refund liability account. sales during 2021 were $600,000. rusty estimates that 6% of all sales will be returned. during 2021, customers returned merchandise for credit of $28,000 to their accounts. what is the balance in the allowance for sales returns account at the end of 2021? a. $32,000. b. $39,000. c. $43,000. d. $40,000.

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