Carla Vista Appliance Co. manufactures low-price, no-frills appliances that are in great demand for rental units. Pricing and cost information on Carla Vistas main products are as follows. Item Stand-Alone Selling Price (Cost)

Refrigerator $540 ($245)

Range $570 ($270)

Stackable washer/dryer unit $750 ($425)

Customers can contract a purchase either individually at the stated prices or for a three-item bundle with a price of $1,900. The bundle price includes delivery and installation. Carla Vista provides delivery and installation as a stand-alone service for any of its products for $100. The company follows IFRS.

Respond to the requirements related to the following independent revenue arrangements for Carla Vista Appliance Co.

(a) On June 1, 2020, Carla Vista sold 100 washer/dryer units without installation to Laplante Rentals for $75,000 (on credit). Laplante is a newer customer and is unsure of how this product will work in its older rental units. Carla Vista 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, 2020. (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.)