intermediated accounting

Orange Inc. is a cellphone manufacturer and service provider. On Nov 1^st, 2019, they sell 1000 O-bundles to consumers for $800 each and receive cash from consumers. Each O-bundle contain one O-phone, a 6 month subscription for the Orange-net cell-phone service, and a packet of orange candy. O-phones retail for $750, Orange-net service retails for $25 a month, and the orange candy retails for $5 a pack.Each O-phone costs $400 to manufacture, while each orange candy pack was purchased from a manufacturer for $1.50 including freight costs.

1.Provide the transactional journal entries for Nov 1^st, 2019. (10 points)

2.Using the information from the previous question, provide the adjusting entries for Dec 31^st2019 (4 points)