Stellar sells 3D printer systems. Recently, Stellar provided a special promotion of zero-interest financing for 2 years on any new 3D printer system. Assume that Stellar sells Lyle Cartright a 3D system, receiving a $4600 zero-interest-bearing note on January 1, 2020. The cost of the 3D printer system is $3680. Stellar imputes a 6% interest rate on this zero-interest note transaction. Prepare the journal entry to record the sale on January 1, 2020, and compute the total amount of revenue to be recognized in 2020.

record sales and cost of goods sold.

Stellar sells 20 nonrefundable $90 gift cards for 3D printer paper on March 1, 2020. The paper has a standalone selling price of $90 (cost $72). The gift cards expiration date is June 30, 2020. Stellar estimates that customers will not redeem 10% of these gift cards. The pattern of redemption is as follows.

		Redemption Total
March 31		50	%
April 30		80
June 30		85

Prepare the 2020 journal entries related to the gift cards at March 1, March 31, April 30, and June 30