Problem Determin Transact and Rece Revenue Entries Home Warehouse Inc. sells lighting fixtures to customers for $50 per unit (cost of $30 per unit). A rebate coupon is issued with each sale that can be redeemed by the customer for $10 per unit in the future. Home Warehouse Inc. estimates that 25% of eligible rebates will be redeemed based on its experience with similar programs, and rebate redemption rates available in the marketplace for similar programs. Required a. Assuming that Home Warehouse Inc. sells 215 lighting fixtures to customers on January 1, 2020, record the journal entry to reflect sales and cost of goods sold. b. If Home Warehouse Inc. estimates that the most likely amount of sales retums is 30 units, how would the entries in part a change? Assume that the estimated rebate percentage is applied to sales before an estimate of retums. Hinta: In the cost of goods sold entry, record a debit to Estimated Inventory Returns for the cost of 30 units. The price for the first 1,000 units Proble