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Cullumber Growth Campany is testing a number of new agricultural seeds that it has recently harvested, To stimulate interest, it has decided to trant fiy
Cullumber Growth Campany is testing a number of new agricultural seeds that it has recently harvested, To stimulate interest, it has decided to trant fiy of its I arsest oustomers the unconditional right to return these products if not fully satisfied. The right of return are required to pay the tull antounitdoe by June 15,202 2. The company followe IFRS (a) Prepare the leurnal entry for Cullumber Growth at Aprit2.2923, assumiag Culiumber Crovth eitimates returns of 2016 based on prier experiense. ICredit account titles are outomatically indented when the amount is entered. Do not indent inanualy if ne entry is required select "No Entry" for the account titles and enter of for the ampunts. (hit ali dehit entriei berore credit entries) Assume that one customer returns the seeds on July 1, 2023. Prepare the journal eotry to record this transaction, assuming this customer purchased $150,000 of seeds from Cullumber Growth and paid by June 15. (Crrdit occount titles are outomaticolly indented when the amount is entered. Do not indent manually If no entry is required, select "No Entry" for the account tider and enter 0 for Cullumber Growth Campany is testing a number of new agricultural seeds that it has recently harvested, To stimulate interest, it has decided to trant fiy of its I arsest oustomers the unconditional right to return these products if not fully satisfied. The right of return are required to pay the tull antounitdoe by June 15,202 2. The company followe IFRS (a) Prepare the leurnal entry for Cullumber Growth at Aprit2.2923, assumiag Culiumber Crovth eitimates returns of 2016 based on prier experiense. ICredit account titles are outomatically indented when the amount is entered. Do not indent inanualy if ne entry is required select "No Entry" for the account titles and enter of for the ampunts. (hit ali dehit entriei berore credit entries) Assume that one customer returns the seeds on July 1, 2023. Prepare the journal eotry to record this transaction, assuming this customer purchased $150,000 of seeds from Cullumber Growth and paid by June 15. (Crrdit occount titles are outomaticolly indented when the amount is entered. Do not indent manually If no entry is required, select "No Entry" for the account tider and enter 0 for
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