as soon as possible

Wildhorse Company sells goods to Sheffeld Company during 2023. It offers Sheffield the following rebates based on total sales to Shelfield. If total sales to Sheffeld are 11,000 units, it will grant a rebate of 2%.If it sells up to 21,200 units, it will grant a rebate of 4%. It if selis up to 28,000 units, it will grant a rebate of 6%. In the first quarter of the year, Wildhorse sells 11,600 units to Sheffield, on account, at a sales price of $116,000. Based on past experience, Wildhorse has sold over 40,000 units to Sheffield, and these sales normally take place in the third quarter of the year. (a) 6 Your answer is partially correct Prepare the journal entries including any rebates that Wildhorse should make to record the sale, on account, of the 11,600 units in the first quarter of the year assuming Wildhorse follows IFRS. Ignore any cost of goods sold entry. (Credit occount titles are outomatically indented when the amount is entered. Do not indent manualhy. If no entry is required, select " No Entry" for the occount titles and enter O for the omounts. List all debit entries before credit entries.). Account Titles and Explanation Debit Credit Accounts Receivable 5ales Revenue (To record sale on account) Refund Liability Accounts Receivable (To record rebate)