Blossom Appliance Co. manufactures low-price, no-frills appliances that are in great demand for rental units. Pricing and cost information on Blossom's main products are as follows. Customers can contract a purchase either individually at the stated prices or for a three-item bundle with a price of $1,800. The bundle price includes delivery and installation. Blossom provides delivery and installation as a stand-alone service for any of its products for $90. The company follows IFRS. Respond to the requirements related to the following independent revenue arrangements for Blossom. On June 1,2023 , Blossom sold 90 washer/dryer units without installation to Cullumber Rentals for $60,300 (on credit). Cullumber is a newer customer and is unsure of how this product will work in its older rental units. Blossom offers a 60-day return privilege and estimates, based on prior experience with sales of this product, that 3% of the units will be returned. Prepare the journal entries for the sale and related cost of goods sold on June 1, 2023. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.) Crane Property Managers operates upscale student apartment buildings. On May 1, 2023, Blossom signs a contract with Crane for 300 appliance bundles to be delivered and installed in one of its new buildings. Crane pays 20% cash at contract signing and will pay the balance on delivery and installation, no later than August 1, 2023. Prepare journal entries for Blossom on May 1, 2023, and August 1, 2023, when all appliances are delivered and installed. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) Refer to the arrangement in part (b). It would help Crane secure lease agreements with students if the delivery and installation of the appliance bundles can be completed by July 1, 2023. Crane offers a 10% bonus payment if Blossom can complete delivery and installation by July 1,2023 . Blossom estimates its chances of meeting the bonus deadline to be 60%, based on a number of prior contracts of similar scale. Repeat the requirement for part (b), given this bonus provision. Assume installation is completed by July 1, 2023. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.)