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Prepare journal entry to record the sale of a refrigerator

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Reference no: EM132058032

Question - Freesure Company manufactures and sells commercial refrigerators. It is currently running a promotion in which it pays a $500 rebate to any customer that purchases a refrigeration unit from one of t it's participating dealers. The rebate must be returned within 90 days of purchase. Given its historical experience and the ease of obtaining a rebate, Freesure expects all qualifying customer to receive the rebate.

Required: Prepare the journal entry to record the sale of a refrigerator to a participating dealer for $ 6000.

Reference no: EM132058032

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