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Bold Paper Ltd. offers the following volume rebate plan to Triad Graphics Co. for purchase of rolls of paper for their printing plants Annual unit
Bold Paper Ltd. offers the following volume rebate plan to Triad Graphics Co. for purchase of rolls of paper for their printing plants Annual unit purchase in tons (2021 year) <50,000 0.00% 50,000 79,999 2.50% 80,000+ 5.00% Triad Graphics. is expected to purchase 70,000 tons of product during the year. The product's list price is expected to be $30 per ton. Required: Prepare journal entries for the following credit sales by Bold Paper to Triad Graphics: On Jan 15, 35,000 tons On July 15 35,000 tons . On Deecmber 1-5,000 tons
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