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ProBuilder has the following June 30 fiscal-year-end unad usted balances: Allowance for Sales Discounts. So, and Accounts Receivable, $10.700. Of the $10,700 of receivables, $2,350 are within a 2% discount period, meaning that it expects buyers to take $47 in future discounts arising from this period's sales. a. Prepare the June 30 fiscal-year-end adjusting journal entry for future sales discounts View transaction list Journal entry worksheet Record the expected sales discounts. Note: Enter debits before credits. Date General Journal June 30 Debit Credit Record entry C lear entry View general journal b. Assume the same facts above and that there is a $7 fiscal-year-end unadjusted credit balance in the Allowance for Sales Discounts. Prepare the June 30 fiscal year-end adjusting ournal entry for future sales discounts. View transaction list Journal entry worksheet Record the expected sales discounts. Note: Enter debits before credits. Date General Journal June 30 Debit Credit Record entry Clear entry View general journal ProBuilder reports merchandise sales of $56.000 and cost of merchandise sales of $13,200 in its first year of operations ending June 30. It makes fiscal-year-end adjusting entries for estimated future returns and allowances equal to 4% of sales, or $2.640, and 4% of cost of sales, or $528. a. & b. Prepare the June 30 fiscal-year-end adjusting journal entry for future returns and allowances related to sales and cost of sales View transaction list Journal entry worksheet Record the expected sales to be refunded. Note: Enter debits before credits. Date General Journal June 30 Debit Credit Record entry C lear entry View general journal ProBu der reports merchandise sales of $56,000 and cost of merchandise sales of $13,200 in its first year of operations ending June 30. It makes fiscal year-end adjusting entries for estimated future returns and allowances equal 104% of sales, or $2.640, and 4% of cost of sales, or S528 a. & b. Prepare the June 30 fiscal year-end adjusting journal entry for future returns and allowances related to sales and cost of sales View transaction list Journal entry worksheet

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