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Grouper sells 3D printer systems. Recently, Grouper provided a special promotion of zero-interest financing for 2 years on any new 3D printer system. Assume that

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Grouper sells 3D printer systems. Recently, Grouper provided a special promotion of zero-interest financing for 2 years on any new 3D printer system. Assume that Grouper sells Lyle Cartright a 3D system, receiving a \$5,400 zero. Interest-bearing note on .tanuary 1, 2022. The cost of the 3D printer system is $4,320. Grouper imputes a 6% interest rate on this zero-interest note transaction. Prepare the journal entry to record the sale on January 1,2022. and compute the total amount of revenue to be recognized in 2022. (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. Round present value factor calculations to 5 decimal places. e.3. 1.25124 and the final answer to 0 decimal places e.z. 58,971.) Grouper sells 20 non-refundable $100 gift cards for 3D cartridges on March 1, 2022. The cartridges have a standalone selling price of $100 (cost $80 ). The gift cards expiration date is June 30,2022 . Grouper estimates that customers will not redeem 10% of these gift cards. The pattern of redemption is as follows. Prepare the 2022 journal entries related to the gift cards at March 1, March 31, Aprii 30, and June 30 . (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 tities and enter O for the amounts. Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 0 decimal places e.8. 58,971.) (To record sales of cards redeemed) (To record cost of goods sold) (To record sales of cards redeemed) Question 4 of 5 (To record sales of cards redeemed) (To record cost of goods sold) (To record sales of cards redeemed) (To record cost of goods sold) (To record sales of cards not redeemed)

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