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WP Homework Assignment 5 X A Player X C Solved: Problem 6-5 Bonita X Netflix X Dunk Low 'Brazil' Release D. X Search Results | Well.ca - C: X + C learn.wileyplus.com/courses/44517/assignments/4891826 GZ C O : MA JD FEDEXWeng.. T Echolac# PJKIT. T Samsonite/W/135 NN... T /wenger2... Bills Conversations MFC KFC Canada - So. itixtliall line YouTu... G Google WP Wiley Canada Ac- Current Attempt in Progress counting Weekly Updates Coronado Ranch & Farm is a distributor of ranch and farm equipment. Its products include small tools, power equipment for trench-digging and fencing, Discussions grain dryers, and barn winches. Most products are sold direct via its company Internet site. However, given some of its specialty products, select farm Conferences implement stores carry Coronado's products. Pricing and cost information on three of Coronado's most popular products are as follows. Account Collaborations Item Stand-Alone Selling Price (Cost) Dashboard WileyPLUS Support Mini-trencher $3,000 ($1,680) Power fence hole auger 1,008 ($672) Grain/hay dryer 11,830 ($9,240) Courses Calendar Respond to the requirements related to the following independent revenue arrangements for Coronado Ranch & Farm. IFRS is a constraint. Inbox On January 1, 2020, Coronado sells augers to Mills Farm & Fleet for $40,320. Mills signs a six-month note at an annual interest rate of 12%. ? Coronado allows Mills to return any auger that it cannot use within 60 days and receive a full refund. Based on prior experience, Coronado estimates that 5% of units sold to customers like Mills will be returned (using the most likely outcome approach). Coronado's costs to recover the Get HELP - SOS products will be immaterial, and the returned augers are expected to be resold at a profit. Prepare the journal entries for Coronado on January 1, 2020. (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 0 for the amounts.) Date Account Titles and Explanation Debit Credit January 1, 2020 Notes Receivable 40320 Refund Liability 2016 Sales Revenue 38304 (To record sale on account) January 1, 2020 Cost of Goods Sold 25536 K Estimated Inventory Returns 1344WP Homework Assignment 5 X A Player X C Solved: Problem 6-5 Bonita X Netflix X Dunk Low 'Brazil' Release D. X Search Results | Well.ca - C. X + C learn.wileyplus.com/courses/44517/assignments/4891826 O : MA JD MEDAWeng... T Echolac PART.. T Samsonite/#135 NW... T 14/wenger2... hails Conversations rc KFC Canada - So... Free Online YouTu... G Google WP On January 1, 2020, Coronado sells augers to Mills Farm & Fleet for $40,320. Mills signs a six-month note at an annual interest rate of 12%. Coronado allows Mills to return any auger that it cannot use within 60 days and receive a full refund. Based on prior experience, Coronado estimates that 5% of units sold to customers like Mills will be returned (using the most likely outcome approach). Coronado's costs to recover the products will be immaterial, and the returned augers are expected to be resold at a profit. Prepare the journal entries for Coronado on January 1, Account 2020. (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 0 for the amounts.) Dashboard Date Account Titles and Explanation Debit Credit January 1, 2020 Notes Receivable 40320 Courses Refund Liability 2016 Calendar Sales Revenue 38304 (To record sale on account) Inbox January 1, 2020 Cost of Goods Sold 25536 ? Estimated Inventory Returns 1344 Get HELP - SOS Inventory 26880 (To record cost of goods sold) eTextbook and Media On August 10, 2020, Coronado sells 17 mini-trenchers to a farm co-op in western Canada. Coronado provides a 4% volume discount or trenchers if the co-op has a 15% increase in purchases from Coronado compared with the prior year. Given the slowdown in the farm e to the co-op have been flat, and it is highly uncertain that the benchmark will be met. K Prepare the journal entries for Coronado on August 10, 2020. (Credit account titles are automatically indented when the amount is entered. Do not indentWP Homework Assignment 5 X A Player X C Solved: Problem 6-5 Bonita X Netflix X Dunk Low 'Brazil' Release D. X Search Results | Well.ca - C. X + C learn.wileyplus.com/courses/44517/assignments/4891826 O T Samsonite/#1 35 NN... T /wenger2... hills Conversations rc KFC Canada - So... Free Online YouTu... G Google WP On August 10, 2020, Coronado sells 17 mini-trenchers to a farm co-op in western Canada. Coronado provides a 4% volume discount on the mini- trenchers if the co-op has a 15% increase in purchases from Coronado compared with the prior year. Given the slowdown in the farm economy, sales to the co-op have been flat, and it is highly uncertain that the benchmark will be met. Account Prepare the journal entries for Coronado on August 10, 2020. (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 0 for the amounts.) Dashboard Date Account Titles and Explanation Debit Credit 51000 Courses August 10, 2020 Cash Sales Revenue 51000 Calendar (To record cash sale) August 10, 2020 Cost of Goods Sold 28560 Inbox Inventory 28560 ? (To record cost of goods sold) Get HELP - SOS eTextbook and Media Coronado sells three grain/hay dryers to a local farmer at a total contract price of $38,000. In addition to the dryers, Coronado provides installation, which has a stand-alone sales value of $780 per unit installed. The contract payment also includes a $1, 170 maintenance plan for the drvers for three years after installation. Coronado signs the contract on June 20, 2020, and receives a 20% down payment from the farmer. The di delivered and installed on October 1, 2020, and full payment is made to Coronado. Prepare the journal entries for Coronado in 2020 related to this arrangement as well as any adjusting journal entries at its December y K 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. Record journal entries in the order presented in the problem. Round answers to O decimal places, e.g. 5,275.)WP Homework Assignment 5 X A Player X C Solved: Problem 6-5 Bonita X Netflix X Dunk Low 'Brazil' Release D. X Search Results | Well.ca - C. X + C learn.wileyplus.com/courses/44517/assignments/4891826 O : A JD FEDEXWeng... T Echolac PJKIT.. T Samsonite/#135 NN... T /]wenger2... hails @ Conversations are KFC@ Canada - So... Free Online YouTu... G Google WP Coronado sells three grain/hay dryers to a local farmer at a total contract price of $38,000. In addition to the dryers, Coronado provides installation, which has a stand-alone sales value of $780 per unit installed. The contract payment also includes a $1, 170 maintenance plan for the dryers for three years after installation. Coronado signs the contract on June 20, 2020, and receives a 20% down payment from the farmer. The dryers are delivered and installed on October 1, 2020, and full payment is made to Coronado. Account Prepare the journal entries for Coronado in 2020 related to this arrangement as well as any adjusting journal entries at its December year end. 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 Dashboard titles and enter O for the amounts. Record journal entries in the order presented in the problem. Round answers to O decimal places, e.g. 5,275.) Date Account Titles and Explanation Debit Credit Courses June 20, 2020 Cash 7600 Calendar Unearned Revenue 7600 October 1, 2020 Cash Inbox Unearned Revenue ? Get HELP - Service Revenue SOS Sales Revenue (To record sales and installation revenue) October 1, 2020 Cost of Goods Sold 27720 Inventory 27720 (To record cost of goods sold) December 31, 2020 4 Unearned Revenue Service Revenue K e Textbook and MediaWP Homework Assignment 5 X A Player X C Solved: Problem 6-5 Bonita X Netflix X Dunk Low 'Brazil' Release D. X Search Results | Well.ca - C: X + C learn.wileyplus.com/courses/44517/assignments/4891826 O :MA JD FEDEXWeng.. T Echolack AJAKJ... T Samsonite/W/135 AN... T /]wenger2... Mail Conversations are KFC Canada - So... Free Online YouTu... G Google WP On April 25, 2020, Coronado ships 80 augers to Farm Depot, a farm supply dealer in Alberta, on consignment. By June 30, 2020, Farm Depot has sold 50 of the consigned augers at the listed price of $1,008 per unit. Farm Depot notifies Coronado of the sales, retains a 10% commission, and remits the cash due to Coronado. Prepare the journal entries for Coronado and Farm Depot for the consignment arrangement. (Credit account titles are automatically indented when the Account 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. Record journal entries in the order presented in the problem.) Dashboard Date Account Titles and Explanation Debit Credit Entries for Coronado - the Consignor Courses Calendar Inbox ? Get HELP - SOS (To record revenue from consignment sales) 4 (To record cost of gods sold) Entries for Farm Depot - the Consignee KWP Homework Assignment 5 X A Player X C Solved: Problem 6-5 Bonita X Netflix X Dunk Low 'Brazil' Release D. X ( Search Results | Well.ca - Cc X + C learn.wileyplus.com/courses/44517/assignments/4891826 GZ CO :MA JD FEDEXWeng.. T Echolac# AJAJ.. T Samsonite/#135 NN... T /wenger2... half Conversations Pre KFC Canada - So.. Free Online YouTu... G Google WP Date Account Titles and Explanation Debit Credit Entries for Coronado - the Consignor Account Dashboard Courses (To record revenue from consignment sales) Calendar Inbox (To record cost of gods sold) ? Entries for Farm Depot - the Consignee Get HELP - SOS (To record revenue from consignment sales) K (To record payment on account)WP Homework Assignment 5 X A Player X C Solved: Problem 6-5 Bonita X Netflix X Homework Help - Q&A from X Search Results | Well.ca - C: X + C learn.wileyplus.com/courses/44517/assignments/4891826 CO :MA JD InJAWeng.. T Echolace PJKiJ. T Samsonite/W/135 NN... T M/]wenger2... Maxi# @ Conversations MPC KFC Canada - So... Free Online YouTu... G Google ( TO TELUIu CUSt UI youus Sulu) WP December 31, 2020 4 Unearned Revenue Service Revenue Account eTextbook and Media Dashboard Courses On April 25, 2020, Coronado ships 80 augers to Farm Depot, a farm supply dealer in Alberta, on consignment. By June 30, 2020, Farm Depot has sold 50 of the consigned augers at the listed price of $1,008 per unit. Farm Depot notifies Coronado of the sales, retains a 10% commission, and remits the cash due to Coronado. Calendar Prepare the journal entries for Coronado and Farm Depot for the consignment arrangement. (Credit account titles are automatically indented when the Inbox 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. Record journal entries in the order presented in the problem.) ? Get HELP - Date Account Titles and Explanation Debit Credit SOS Entries for Coronado - the Consignor (To record revenue from consignment sales) K