Question: Journalize the liability ( if any ) on February 2 8 for the coupons Seifert Stores printed in February. Assume that Seifert Stores sold $

Journalize the liability (if any) on February 28 for the coupons Seifert Stores printed in February. Assume that Seifert Stores sold $25,000,000 of merchandise in February, which generated 12,500,000 printed sales receipts. The merchandise sold cost $16,500,000. Siefert Stores estimates that 15% of the $2-off coupons printed in February will be redeemed before they expire April 30. If an amount box does not require an entry, leave it blank.

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