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will like please and thanks Under contract, Sojourn Co. delivers 3,900 units to Customer A for $100 each on 1 April. Sojourn's documented policy is
will like please and thanks
Under contract, Sojourn Co. delivers 3,900 units to Customer A for $100 each on 1 April. Sojourn's documented policy is to allow a customer to return any unused product within 90 days and receive a full refund. The cost of each product is $70. On the basis of historical experience, Sojour estimates that 3% of the units will be returned. Sojourn expects that the returned products can be resold. Required: Record the journal entries to be made by Sojourn on 1 April to recognize the sale. (if no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction ist Journal entry worksheet 1 2 > Record the contract to deliver 3,900 units to customer A Not fer debit before credits General Journal Dent Da Apr 01 Credit econdary Cherry View generala Sale. entry is required for a transaction select "No journal entry required" in the first account field.) View the Journal entry worksheet Step by Step Solution
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