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of Phones to one In December 31, 2021, Orange Inc., delivers 500 units of its clients Black Inc. for $95,000 cash. As part of
of Phones to one In December 31, 2021, Orange Inc., delivers 500 units of its clients Black Inc. for $95,000 cash. As part of the contract, the seller offers a 30% discount coupon to Black Inc. for any purchases in the next year. The seller will continue to offer a 10% discount on all sales during the same time period, which will be avaiable to all customers. Based on experience, Orange Inc. estimates a 50% probabiling that Black Inc. will redeem the 30% discount voucher, and that the coupon will be applied to $20,000 of purchases. The stand-alone selling price for the oPhone is 9196 per unit. The journal entry the transaction on December 31 includes: A) A credit to deferred revenue for $93,100 B) A credit to sales revenues for $1,900 C) A credit to sales revenue for $95,000 D) A credit to deferred revenue for $95,000 E) None of above to record 21
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