Windsor sells 3D printer systems. Recently, Windsor provided a special promotion of zero-interest financing for 2 years on any new 3D printer system. Assume that Windsor sells University co-op a 3D system, receiving a $ 5,400 zero-interest-bearing note on March 1, 2020. The cost of the 3D printer system is $ 3,240. Windsor imputes a 8% interest rate on this zero-interest note transaction. Prepare the journal entry to record the sale on March 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. Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 0 decimal places, e.g. 58,971.)

Account Titles and Explanation	Debit	Credit
enter an account title to record sales	enter a debit amount	enter a credit amount
enter an account title to record sales	enter a debit amount	enter a credit amount
enter an account title to record sales	enter a debit amount	enter a credit amount
(To record sales)
enter an account title to record cost of goods sold	enter a debit amount	enter a credit amount
enter an account title to record cost of goods sold	enter a debit amount	enter a credit amount
(To record cost of goods sold)

Compute the total amount of revenue to be recognized in 2020. (Round answer to 0 decimal places, e.g. 58,971.)

Revenue to be recognized in 2020

$ enter the total amount of revenue to be recognized in 2020 in dollars

Windsor sells 100 nonrefundable $ 53 gift cards for 3D printer paper on February 28, 2020. The paper has a standalone selling price of $ 53 (cost $ 38). The gift cards expiration date is June 30, 2020. Windsor estimates that customers will not redeem 10% of these gift cards. The pattern of redemption is as follows.

		Redemption Total
March 31		30	%
April 30		75
June 30		90

Prepare the 2020 journal entries related to the gift cards at February 28, March 31, April 30, and June 30. (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. Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 0 decimal places e.g. 58,971.)

Date	Account Titles and Explanation	Debit	Credit
choose a transaction date Feb. 28, 2020Mar. 31, 2020Apr. 30, 2020Jun. 30, 2020	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date Feb. 28, 2020Mar. 31, 2020Apr. 30, 2020Jun. 30, 2020	enter an account title to record sales of cards redeemed	enter a debit amount	enter a credit amount
	enter an account title to record sales of cards redeemed	enter a debit amount	enter a credit amount
	(To record sales of cards redeemed)
	enter an account title to record cost of goods sold	enter a debit amount	enter a credit amount
	enter an account title to record cost of goods sold	enter a debit amount	enter a credit amount
	(To record cost of goods sold)
choose a transaction date Feb. 28, 2020Mar. 31, 2020Apr. 30, 2020Jun. 30, 2020	enter an account title to record sales of cards redeemed	enter a debit amount	enter a credit amount
	enter an account title to record sales of cards redeemed	enter a debit amount	enter a credit amount
	(To record sales of cards redeemed)
	enter an account title to record cost of goods sold	enter a debit amount	enter a credit amount
	enter an account title to record cost of goods sold	enter a debit amount	enter a credit amount
	(To record cost of goods sold)
choose a transaction date Feb. 28, 2020Mar. 31, 2020Apr. 30, 2020Jun. 30, 2020	enter an account title to record sales of cards redeemed	enter a debit amount	enter a credit amount
	enter an account title to record sales of cards redeemed	enter a debit amount	enter a credit amount
	(To record sales of cards redeemed)
	enter an account title to record cost of goods sold	enter a debit amount	enter a credit amount
	enter an account title to record cost of goods sold	enter a debit amount	enter a credit amount
	(To record cost of goods sold)
	enter an account title to record sales of cards not redeemed	enter a debit amount	enter a credit amount
	enter an account title to record sales of cards not redeemed	enter a debit amount	enter a credit amount
	(To record sales of cards not redeemed)