PLEASS DO ALL REQUIREMENTS

Shatner Importers, Inc. sells coffee pots for $100 each. On November 12 , the company sold 60 to a customer on account with terms of 3/15,n/30. The customer paid for 15 of the coffee pots on November 27 and paid for the remaining 45 on December 11. Read the requirements. Requirement a. Provide the necessary journal entries for Shatner to record these transactions under both the most-likely-amount and expected-value methods. For the most-likely-amount method, assume both that the customer will take the discount and won't take the discount. For the expected-value approach, assume that the customer is 70% likely to take the discount and ignore any constraints on variable consideration. (Ignore the journal entry that would typically be necessary to record the reduction of inventory and cost of goods sold.) Round to two decimal places. Begin by recording the transactions under the most-likely-amount method, assuming that the customer will take the discount. (Record debits first, then credits. Exclude explanations from any journal entries.) Nov. 12: The company sold 60 coffee pots to a customer on account with terms of 3/15,n/30. Requirements a. Provide the necessary journal entries for Shatner to record these transactions under both the most-likely-amount and expected-value methods. For the most-likely-amount method, assume both that the customer will take the discount and won't take the discount. For the expected-value approach, assume that the customer is 70% likely to take the discount and ignore any constraints on variable consideration. (Ignore the journal entry that would typically be necessary to record the reduction of inventory and cost of goods sold.) Round to two decimal places. b. Provide a comparison of the impact on the income statement for each method