Blossom Company sells goods to Wildhorse Company during $2023.$ It offers Wildhorse the following rebates based on total sales to

Wildhorse. If total sales to Wildhorse are $8,400$ units, it will grant a rebate of $2\%.$ If it sells up to $19,200$ units, it will grant a rebate of

$4\%.$ It if sells up to $31,200$ units, it will grant a rebate of $6\%.$ In the first quarter of the year, Blossom sells $12,000$ units to Wildhorse, on

account, at a sales price of $$120,000.$ Based on past experience, Blossom has sold over $40,000$ units to Wildhorse, and these sales

normally take place in the third quarter of the year.$($a$)$

Prepare the journal entries including any rebates that Blossom should make to record the sale, on account, of the $12,000$ units in

the first quarter of the year assuming Blossom follows IFRS. Ignore any cost of goods sold entry. $($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.$)$

Account Titles and Explanation

Debit

Credit

$($To record sale on account$)$

$($To record rebate$)$