Question: this is my second time asking for help for this question! plz provide the answer in details! and I will rate it! thank you Sander

Sander Importers, Inc. sells coffee pots for $120 each On November 12, the company sold 40 to a customer on account with terms of 2/15, n/30 The customer paid for 20 of the coffee pots on November 27 and paid for the remaining 20 on December 11 Read the requirements Requirement a. Provide the necessary journal entries for Sander to record these transactions under both the most likely amount and expected-value methods For the most-likely amount method, assume both that the customer will take the discount and won't take the discount For the expected value approach, assume that the customer is 55% likely to take the discount and ignore any constraints on variable consideration (ignore the journal entry that would typically be necessary to record the reduction of inventory and cost of goods sold) Round to two decimal places Begin by recording the transactions under the most likely amount method, assuming that the customer will take the discount (Record debits first, then credes Exclude explanations from any journal entries) Nov 12 The company sold 40 coffee pots to a customer on account with terms of 2/15, n/30) Account November 12
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