q22t

Ivanhoe Growth Company is testing a number of new agricultural seeds that it has recently harvested. To stimulate interest, it has decided to grant five of its largest customers the unconditional right to retum these products if not fully satisfied, The right of return extends for four months. Ivanhoe Growth sells these seeds on account for $2,000,000 (cost $800,000 ) on April2, 2023, Customers are required to pay the full amount due by June 15, 2023. The company follows IFRS. (a) Prepare the journal entry for Ivanhoe Growth at April 2, 2023, assuming Ivanhoe Growth estimates returns of 20%6 based on prior experience. (Credit account titles are automatically indented when the amount is entered. Do not indent manually If no entry is required. select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries) Prepare the journal entry for Ivanthoe Growth at Apri12. 2023. assuming Ivanhoe Growth estimates returns of 200hased on priof experience. (Credit account tities are outomatically inderited when the dmount is entered. Do not indent manually if no entry is requirnd select 'No Entry' for the account titles and enter O for the amounts List all debit entries before credit entries) (b) The parts of this question must be completed in order. This part will be available when you complete the part above. The parts of this question must be compheted in order. This part wil be wailable when you complote the part above: (d1) The parts of this question must be completed in order. This part will be available when you complete the part above. (d2) The parts of this question must be completed in order. This part will be available when you complete the part above