Sideline Corp. sold $180,000$ units of a new product, "Shazam," to Singleton Outlet Inc. for $$5\mathrm{.}00$ each on account. It cost $$2\mathrm{.}00$ to manufacture each unit

of Shazam. Sideline sent Singleton Outlet $330,000$ point$-$of$-$purchase coupons that entitled purchasers of Shazam to a $$1\mathrm{.}10$ discount off Singleton

Outlet's retail price. Sideline estimated that $30\%$ of the $330,000$ coupons, which were valid from August $1-31,$ would be redeemed. In August, Singleton

Outlet redeemed $84,000$ coupons. In early September, Singleton Outlet invoiced Sideline for reimbursement for the coupons redeemed. Sideline employs

a perpetual inventory system.

Required

Prepare all journal entries related to the transaction described above.

First, journalize the sale of $180,000$ units of Shazam to Singleton Outlet Inc. $($Enter debits first, then credits. Leave unused cells blank. Include COGS and

inventory in a compound entry.$)$