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Answer this Canvas QUESTION Z Please remember to show your work for calculations! Variable Consideration (suggested time: 6 minutes) Kerrisdale Hardware sells leaf-blowers, among other

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Canvas QUESTION Z Please remember to show your work for calculations! Variable Consideration (suggested time: 6 minutes) Kerrisdale Hardware sells leaf-blowers, among other outdoor gardening tools. To promote off season sales, in May 2020, Kerrisdale Hardware offered a $65 rebate on all leaf-blower purchases. To redeem the rebate, customer must mail the request to corporate headquarters within 90 days of purchase. . Kerrisdale Hardware sold 80 leaf-blowers during the May 2020 promotional period for $230 each. . Kerrisdale Hardware estimated that 85% of customers would take advantage of the rebate offer. . The actual rebate redemption rate was 70%. Required: Part A (2 marks): Prepare the journal entry to record the leaf-blower sales during May 2020. Part B (2 marks): Prepare the journal entry to record the receipt and payment of rebate claims. BIYA A . LEXI IX XBE . 2 6 0 4 1 1 12p Paragraph MacBook Pro esc O 8 N 0

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