Cullumber Company is presently testing a number of new agricultural seed planters that it has...

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Accounting

Cullumber Company is presently testing a number of new agricultural seed planters that it has recently developed. To stimulate
interest, it has decided to grant to five of its largest customers the unconditional right of return of these products if not fully satisfied.
The right of return extends for 4 months. Cullumber estimates returns of 15%. Cullumber sells these planters on account for
$1,620,000(cost $810,000) on January 2,2025. Customers are required to pay the full amount due by March 15,2025.
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