Assume that Seifert Stores Inc. sold $$25,000,000$ of merchandise in February, which generated $12,500,000$ printed sales receipts. The merchandise sold cost $$16,500,000.$ Siefert Stores Inc. estimates that $15\%$ of the $$2-$off coupons printed in February will be redeemed before they expire April $30.$ What is the balance of Estimated Coupons Payable on April $30?$

fill in the blank $1$ of $1$$

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Total Estimated Coupons Payable accrued less amount of coupons redeemed.

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d$.$ Journalize the expiration of the remaining coupons on April $30.$ If an amount box does not require an entry, leave it blank.

DateAccountDebitCredit

Apr. $30$

Estimated Coupons Payable

Sales

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