Cullumber Company sells goods to Sweet Acacia Company during 2020. It offers Sweet Acacia the following rebates based on total sales to Sweet Acacia. If total sales to Sweet Acacia are 10,800 units, it will grant a rebate of 2%. If it sells up to 21,200 units, it will grant a rebate of 4%. It if sells up to 28,200 units, it will grant a rebate of 6%. In the first quarter of the year, Cullumber sells 10,600 units to Sweet Acacia at a sales price of $106,000. Based on past experience, Cullumber has sold over 40,000 units to Sweet Acacia, and these sales normally take place in the third quarter of the year.

Prepare the journal entries including any rebates that Cullumber should make to record the sale of the 10,600 units in the first quarter of the year. Cullumber follows IFRS. (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 O for the amounts.) Account Titles and Explanation Debit Credit (To record sale on account) (To record rebate) Prepare the journal entries including any rebates that Cullumber should make to record the sale of the 10,600 units in the first quarter of the year. Cullumber follows ASPE. (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 O for the amounts.) Account Titles and Explanation Debit Credit (To record sale on account) (To record rebate)