When merchandise that was sold on account is returned, which accounts are affected?

Question

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When merchandise that was sold on account is returned, the accounts affected are customer refunds payable (credit), accounts receivable (debit), merchandise inventory (debit for the returned goods), and estimated returns inventory (credit for the estimated amount of returns). Cost of goods sold is not affected because the goods were not actually sold, and purchases is not affected because there was no new purchase made.

When Merchandise That Was Sold on Account Is Returned, Which