solve within $2$ hours please Your answer $is$ partially correct.

Prepare the journal entries including any rebates that Sunland should make $to$ record the sale, $on$ account, $of$ the $11,900$ units $in$

the first quarter $of$ the year assuming Sunland follows ASPE. Ignore any cost $of$ goods sold entry. $(Credit$ account titles are

automatically indented when the amount $is$ entered. $Do$ not indent manually. $Ifno$ entry $is$ required, select $"No$ Entry" for the account titles

and enter $0$ for the amounts. List all debit entries before credit entries.$)$

Account Titles and Explanation

Debit

Credit

Accounts Receivable

Sales Revenue

$(To$ record sale $on$ account$)$

$I$ Sunland Company sells goods $to$ Bramble Company during $2023.It$ offers Bramble the following rebates based $on$ total sales $to$

Bramble. $If$ total sales $to$ Bramble are $11,400$ units, $it$ will grant a rebate $of2\%.Ifit$ sells $upto20,400$ units, $it$ will grant a rebate $of4\%.$

$Itif$ sells $upto29,600$ units, $it$ will grant a rebate $of6\%.In$ the first quarter $of$ the year, Sunland sells $11,900$ units $to$ Bramble, $on$

account, $at$ a sales price $of$ $$119,000.$ Based $on$ past experience, Sunland has sold over $40,000$ units $to$ Bramble, and these sales

normally take place $in$ the third quarter $of$ the year.

$(a)$

Your answer $is$ correct.

Prepare the journal entries including any rebates that Sunland should make $to$ record the sale, $on$ account, $of$ the $11,900$ units $in$

the first quarter $of$ the year assuming Sunland follows IFRS. Ignore any cost $of$ goods sold entry. $(Credit$ account titles are

automatically indented when the amount $is$ entered. $Do$ not indent manually. $Ifno$ entry $is$ required, select $"No$ Entry" for the account titles

and enter $0$ for the amounts. List all debit entries before credit entries.$)$

Account Titles and Explanation

Credit

Accounts Receivable

Sales Revenue

$(To$ record sale $on$ account$)$

Contract Asse$\frac{t}{L}$iability

$(To$ record rebate$)$

eTextbook and Media

List $of$ Accounts