On May 15, 2023, Ivanhoe Ltd. sold conveyor systems to Metlock Inc. on account for a selling price of $455,000 (cost $304,850 n/30. Ivanhoe grants the right to return systems that do not sell within two months following delivery. Past experience indicate the normal return rate is 10%. On July 11, 2023, Metlock returned systems to Ivanhoe and was granted credits of $40,200. By time Metlock returned the systems, Ivanhoe's account had been paid in full.