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c . Assume that Seifert Stores sold $ 2 5 , 0 0 0 , 0 0 0 of merchandise in February, which generated 1

c. Assume that Seifert Stores 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 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?
PLEASE NOTE: $3,750,000 ; $562,500 ; $1,875,000 ; $21,250,000 are all INCORRECT answeres.

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