E4-11 Sales promotions\ Using the data in

E4-10

, assume that Seifert Stores Inc. sold

$40,000,000

of merchandise in March and that

1,400,000

of the

$2-

off coupons were redeemed. The cost of the merchandise sold was

$23,600,000

.\ a. Illustrate the effects of the March sales on the accounts and financial statements of Seifert Stores Inc.\ b. Assume that Seifert Stores Inc. sold

$33,500,000

of merchandise in April and that 440,000 of the

$2

-off coupons were redeemed. The cost of the merchandise sold was

$19,100,000

. Illustrate the effects of the April sales on the accounts and financial statements of Seifert Stores Inc.\ c. What is the balance of Estimated Coupons Payable on April 30?\ d. Illustrate the effects of the remaining unredeemed (expired) coupons as of April 30 on the accounts and financial statements of Seifert Stores Inc.

E4-11 Sales promotions Using the data in E4-10, assume that Seifert Stores Inc. sold $40,000,000 of merchandise in March and that 1,400,000 of the $2-off coupons were redeemed. The cost of the merchandise sold was $23,600,000. a. Illustrate the effects of the March sales on the accounts and financial statements of Seifert Stores Inc. b. Assume that Seifert Stores Inc. sold $33,500,000 of merchandise in April and that 440,000 of the $2-off coupons were redeemed. The cost of the merchandise sold was $19,100,000. Illustrate the effects of the April sales on the accounts and financial statements of Seifert Stores Inc: c. What is the balance of Estimated Coupons Payable on April 30? d. Illustrate the effects of the remaining unredeemed (expired) coupons as of April 30 on the accounts and financial statements of Seifert Stores Inc