Seneca's Digital Camera Bundling Deal and Store Transactions Seneca offers digital cameras along with several other retail items. The pricing details for each item are as follows. The digital cameras and stands are frequently sold together as a bundle, with the bundling discount indicated below: Item Stand-Alone Price When Bundling Selling Price Bundled Discount Digital Camera (cost $4,000) $5,000 $4,500 $500 Custom Stand (cost $200) $450 $450 Special 24.2MP CMOS Sensor $175 $175 50 $0 $0 (cost $135) Total for Bundle $5,125 $500 Additionally, due to the timing of delivery, the 24.2MP CMOS sensor is shipped six months after the camera is delivered to the customer. In March 2024, Seneca entered into a deal with Tim Hortons Inc TM. TM plans to run promotional campaigns to boost sales in Toronto. Since TM authorizes the stores to make purchases, the store owners are responsible for covering the cost of purchases, while TM focuses on promoting the promotions. Here are the order details across Toronto: 1. Stores ID 1-45: Purchased the full bundling package. The amount received on April 15, 2023. 2. Stores ID 46-90: Purchased the full bundling package, with 50% of the considerations received on August 15, 2023. 3. Stores ID 91-100: Purchased the full bundling package with no considerations received. On September 1, 2023, store owners discovered that the digital cameras require an additional charged battery, as the cameras won't function without two batteries. As a result, 50% of the store owners demand that Seneca cover the additional battery cost ($100). The other 50% of store owners agree with Seneca that the winners should be responsible for purchasing the extra battery. As a CPA, your friend Denzel Washington, the bookkeeper at Seneca, needs your assistance recording all these transactions. His manager has requested a comprehensive report about this deal. Seneca follows the Accounting Standards for Private Enterprises (ASPE), and their fiscal year ends on July 31, 2023. Additional info: It's March 2023 and not 2024 winners: are the TM customers; the one who purchases coffees from stores unites purchases 1-45 10 units for each store = 46-90=25 units each store 91-100 units 1000 unites each