Question
In a word document provide your response to the situation described below in the form of an issues memo. SodaPro sells flavored water products to
In a word document provide your response to the situation described below in the form of an issues memo.
SodaPro sells flavored water products to customers. SodaPro offers a promotion whereby current customers can receive $10 off their next purchase of a case of water, valued at $300. A convenience store places an order on 1/1/X1 for two cases of water and requests that the promotion be applied to its purchase. SodaPro delivers the product on 1/3/X1. Research and document the appropriate accounting by SodaPro for this transaction, and provide the appropriate journal entries.
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