Marigold appliance co. manufactures low price, no-frills appliances that are in great demand for rental units. Pricing and cost information on Marigold's main products are as follows.

Item: Standalone selling price (cost) Refrigerator $490 ($260) Range 570 (280) stackable washer/dryer 700 (410)

Customers can contract to purchase either individually at the stated prices or a 3 item bundle with the price of $1800. The bundle price includes a delivery and installation. Marigold also provides installation (not a separate performance obligation). Respond to the requirements related to the following independent revenue arrangements for Marigold appliance co.

Question #1 On June 1, 2020, marigold sold 110 washer/dryer units without installation to Laplantae rentals for $77,000. Laplante is newer customer and is unsure how this product will work in his older rental units. Marigold offers a 60 day return privilidge and estimates, based on prior experience of sales on this product, 4% of the units will be returned. Prepare the journal entries for the sale and related cost of good sold on June 1,2020

Question 4 Epic rentals would like to take advantage of the bundle price for its 380 unit project, on February 01, 2020. Marigold signs a contract with epic for 380 bundles. Under the agreement, marigold will hold the appliance bundles in its warehouses until the new rental units are ready for installation. Epic pays 10% cash at contract signing . On April 01, 2020, marigold completes manufacture of the appliances and the epic bundle order and places them in the warehouse. Marigold and epic have documented the warehouse arrangement and identified the units designated for epic. The units are ready to ship, and Marigold may not sell these units to other customers. Prepare journal entries for marigold on February 1, 2020 and April 1, 2020

On June 1, 2020, Marigold sold 110 washer/dryer units without installation to Laplante Rentals for $77.000. Laplante is a newer customer and is unsure how this product will work in its older rental units. Marigold offers a 60-day return privilege and estimates, based on prior experience with sales on this product, 4% of the units will be returned. Prepare the journal entries for the sale and related cost of goods sold on June 1, 2020. (Credit account lites 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 o for the amounts) Account Titles and Explanation Debit Credit (To record sales) (To record cost of goods sold) SHOW LIST OF ACCOUNTS Refer to the arrangement in part (b). It would help Yellow Card secure lease agreements with students the installation of the appliance bundles can be completed by July 1. 2020. YellowCard offers a 10% bonus payment if Marigold can complete installation by July 1, 2020. Marigold estimates its chances of meeting the bonus deadline to be 90%, based on a number of prior contracts of similar scale. Repeat the requirement for part (b), given this bonus provision. Assum installation is completed by July 1, 2020. (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 for the amounts.) Date Account Titles and Explanation May 1, 2020 d. 1. 2020 (To record sales) (To record cost of goods sold) SHOW LEST OF ACCOUNTS LINK TO TEXT Epic Rentals would like to take advantage of the bundle price for its 380-unit project; on February 1, 2020, Marigold signs a contract with Epic for 380 bundles. Under the agreement. Mangold will hold the appliance bundles in its warehouses until the new rental units are ready for installation. Epic pays 10% cash at contract signing. On April 1, 2020, Marigold completes manufacture of the appliances in the Epic bundle order and places them in the warehouse Marigold and Epic have documented the warehouse arrangement and identified the units designated for Epic. The units are ready to ship and Marigold may not sell these units to other customers. Prepare journal entries for Marigold on February 1, 2020, and (2) April 1, 2020. (Credit account bites are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry for the account bitled and enter for the amounts.) Date Account Titles and Explanat Feb. L. 2020 Apr 1, 2020 To record sales)