Rotomola record on transfer of the products

Reference no: EM133650407

Question

Rotomola Inc. sells 50 tablet devices for € 200 each (total: € 10,000). Customers can return undamaged devices within 30 days for a full cash refund. The cost of each device is € 150. Based on its experience, Rotomola estimates that 3 tablets will be returned ("most likely ap-proach"). What journal entries should Rotomola record on transfer of the products?

Reference no: EM133650407

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