Sandhill Inc. is a publicly traded snack food company focused on snacks and candies from around the world. On a monthly basis, the Prepare the required summary journal entries for the contract based on your analysis in part $($a$).($Credit account titles are

automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and

enter $0$ for the amounts. Round answers to $0$ decimal places, e$.$g$.125.$ List all debit entries before credit entries.$)$

Date

Account Titles and Explanation

Debit

Credit

Accounts Receivable

Subscription Revenue

Accounts Receivable

Subscription Revenue

$($To record revenue through subscriptions.$)$

$]$

$($To record cost of goods sold through subscriptions.$)$

$($To record sales other than through subscriptions.$)$

$[]$

Sales Revenue

$($To record cost of goods sold other than through

subscriptions.$)$

company boxes snacks and candies from a different country, along with facts about each and a scorecard for tracking favourites. The

boxes can be purchased at specialty shops and are available for annual subscription.

The consumer can choose between two annual subscriptions, the Good Box for $$156$ annually and the Oh So Good Box for $$192$

annually. Subscriptions are paid in advance and are non$-$cancellable. Sandhill sold for cash $9,600$ subscriptions on October $1,2024,$ of

which $20\%$ were Oh So Good Box subscriptions.

Single Good Boxes can be purchased at specialty shops. Sandhill charges the shops $$9$ per box. Normally, $2,500$ boxes are delivered to

specialty shops each month, with $20\%$ of these being returned unsold. Of the $2,500$ boxes sent out in October $2024,$ all were sold on

account, and none of the returned boxes are expected to be resold and are scrapped. Unsold boxes are returned by shops in the

following month.

The products in the Good Boxes cost Sandhill $$5$ per box, while the products in the Oh So Good Box cost Sandhill $$10$ per box.

$($a$1)$

Your answer is correct.

Determine how much revenue Sandhill would be able to recognize in October $2024.$

Revenue through subscriptions

Revenue other than through subscriptions