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Part B (13 marks) Best Buy sold 20 refrigerators at $2,100 each.The cost of the refrigerators to Best Buy was $900.The terms of the sale

Part B (13 marks)

Best Buy sold 20 refrigerators at $2,100 each.The cost of the refrigerators to Best Buy was $900.The terms of the sale include a right to return for full refund within 30 days of purchase.Best Buy expects that 2 of the refrigerators will be returned.Best Buy follows IFRS 15.

Required:

Record the journal entries related to the above transactions.Assume 1 refrigerator was returned within the 30 days.

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