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Identifyling and Recording Customer Option for Additional Merchandise sales were cash sales. Cost of sales...

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Accounting

Identifyling and Recording Customer Option for Additional Merchandise sales were cash sales. Cost of sales is 45% of the selling price.
Two performance obligations =
b. Record the fournal entry to record revenue in the first day of the promotion period using the relative percentages to allocate standalone selling prices.
\table[[\table[[Performance],[Oblizations]],,\table[[Transaction],[Price],[as stated]],\table[[Standalone],[Selling],[Prike]],\table[[Total Allocated],[Transaction Price],[(rounded)]]],[Merchandise,3,240,000vvs,240.000vvs,0x
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