Revenue Recognition 41 All 3 points BetterBuy actually sells 62 phones by the end of the year. Record Better Buy's journal entry to record the sales: On December 1, 2014 Tomato sends 100 FertPhones to the retail store BetterBuy. Better Buy sells the phones to consumers and returns the proceeds less $150 per phone to Tomato. In the sales agreement Tomato promises to pay a bonus of $50 per phone if they call sell at least 90% of the phones by April 1, 2015. Better Buy estimates the probability of selling 90% of the phones by the required date to be 85% likely. Better Buy sells the phones for $800 each. 422 points Record the journal entry for the payment to Tomato Inc: 43 point BetterBuy sells 22 phones additional phones before April 1. Record the journal entry to record the sales: 2 points Record the journal entry on April 1 for the payment to Tomato Inc: 45 Record the journal entry for sale of the remaining phones after April 1, 2016ctiva Go to Se