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Recording Payment by Seiler to Customer On March 18, Kudos corporation selts snack products to...

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Accounting

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Recording Payment by Seiler to Customer On March 18, Kudos corporation selts snack products to a retail warehouse cub chain for $125,000 (cost of $75.0001. The contract includes an obligation for the warehouse club to run certain advertising campaigns for the snack products in exchange for sto,poo cash from Kudos corporation on the contract dace. The comparable price for this type of advertising campaign to be conducted by a thied party is 310,000 Required -2. Priepare Kudos journal entry an March: 1 a for the produrt sale, the cost of the product wale, and the purchase of advertising services. a. Assume instead that Kudos sold 5125,000 of product to a customer (cost of 575,000) and has agreed to pxy the customer $2,500 in sloting fees for peeterential product placement in displays. Wudos wil pay the $2.500 fee on April 30. Prepare Kudos' joumal entry on March 18 for the product sale and the cost of the product sale and then on April 30 for the payment of the slotting fee. - Note: if a line in a journal entry iset required for the transaction, select TNik as the account name and leave the Dri and Cri answers blank (tero) - Note: If a line in a journal entry isn't required for the transaction, select "N/A" as

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