Identifying and Recording Customer Option for Additional Merchandise Cost of sales is 45% of...
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Accounting
Identifying and Recording Customer Option for Additional Merchandise Cost of sales is of the selling price. Two performance obligations b Record the journal entry to record revenue in the first day of the promotion period using the relative percentages to allocate standalone selling prices. Note: Carry all decimals in calculations; round the final answer to the nearest dollar c Only of the coupons were redeemed during the redemption period on qualifying purchases of $ Record the entry for the redemption of the coupons, ignoring the cost entries. d If the coupons, instead, offered on future purchases otherwise same facts as before how would the answers change to parts a and b if at all? 
Identifying and Recording Customer Option for Additional Merchandise
Cost of sales is of the selling price.
Two performance obligations
b Record the journal entry to record revenue in the first day of the promotion period using the relative percentages to allocate standalone selling prices.
Note: Carry all decimals in calculations; round the final answer to the nearest dollar
c Only of the coupons were redeemed during the redemption period on qualifying purchases of $ Record the entry for the redemption of the coupons, ignoring the cost entries.
d If the coupons, instead, offered on future purchases otherwise same facts as before how would the answers change to parts a and b if at all?
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