Carrie Growth Company is presently testing a number of new health pillows that it has recently produced.

Carrie Growth Company is presently testing a number of new health pillows that it has

recently produced. To stimulate interest, it has decided to grant to several of its largest

customers the unconditional right of return of these products if not fully satisfied. The

right of return extends for 4 months. Carrie Growth estimates r eturns of 30%. Carrie

Growth sells these pillows on account for $1,800,000 (cost $800,000) on 2 July 2018.

Customers are required to pay the full amount due by 10 September 2018.

Q1

Prepare the journal entry for Carrie Growth at 2 July 2018.

Order the answer to view it

Assignment Solutions
Assignment Solutions