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Prepare the journal entry to record the sale of refrigerator

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Question - Freesure Company manufactures and sells commercial refrigerator. It is currently running a promotion in which it pays $500 rebate to any customer that purchases a refrigeration unit from one of its 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. Prepare the journal entry to record the sale of a refrigerator to a participating dealer for $6000.

Reference no: EM133032701

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