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please help me with this Sandhili Pubilthers vells teatbeoks to universities across Canada On July 10, 2024, Sundhillentered into a contract with Hinton University to
please help me with this
Sandhili Pubilthers vells teatbeoks to universities across Canada On July 10, 2024, Sundhillentered into a contract with Hinton University to supply 410 accounting tecticoks at a price of $120 per book to be paid on September 25,2024 . The beeks cost 3 andhais 59o each Sandhil'scetum policy states that any unsold bookscan be returned within 90 days ot delivery The books were delivered on August 25, 2024 Sandhill eitinates returns at 10 S of sales. Hinton returns 16 bookson September 15, 2024, and 32 books on September 30,2024 Determine the transaction price Transaction price 1 On what dateshould revenue berecognized? Revenueshould be recognizedon List of Accounts Prepare all journalentries required by Sandhill to record the transactionswith Hinton University. ICredit account titles are outomaticolly indented when the amount is entered. Dormt lindent mankolly. Recosdjound entries in the order preserted in the problem no entry is required, select "No Entry" for the ovcount titles and enter O for the arnounts. List oll debit entries before credit entries.) Date: Account ritles Debit [To record sales on accourit] (To reoord cost of goods sold) (To record credit for goods returned) (Torecord cost of goods returned.) (To reoord cash refund for goods returned) (To record cost of goods returned.) Step by Step Solution
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