Carrie Growth Company is presently testing a number of new health pillows that it has
recently produced. To stimulate interest, it has decided to grant to several of its largest
customers the unconditional right of return of these products if not fully satisfied. The
right of return extends for 4 months. Carrie Growth estimates r eturns of 30%. Carrie
Growth sells these pillows on account for $1,800,000 (cost $800,000) on 2 July 2018.
Customers are required to pay the full amount due by 10 September 2018.
Prepare the journal entry for Carrie Growth at 2 July 2018.