Carla Vista Ltd sells goods to Maxx Corporation during the calendar year ending December 31, 2023. Maxx is a key customer to Carla Vista Ltd and a volume discount scheme has been established to strengthen the relationship further. The volume discount scheme is as follows: for sales for the year of 3,930 units, a discount of 3% is granted; for sales for the year reaching 4,940 units, a discount of 5% will be granted; and, finally, if sales for the year reach 8,250 units, a discount of 6% will be granted. For the first half of the year, Carla sold to Bloom, on account, 3,640 units at a sales price of $127,400. Because the second half of the year is slower for sales, it has been Carla experience that sales to Bloom for the year will be 3,640 units. (a) Prepare the journal entries including any volume discount rebates that Carla should make to record the sale on account of 3,640 units for the first half of the year assuming Carla follows IFRS. Ignore any cost of goods sold entry. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.)
A) prepare the journal entries including any volume discount rebates that Carla should make to record sale on account of 3,640 units for the first half of the year, assuming they follow IFRS - >record discount rebate
B)p recordrepare the journal entries including any volume discount rebates that Carla should make to record sale on account of 3,640 units for the first half of the year, assuming they follow Aspe > record discount rebate
C) assume that by dec 31, 2023, sales to bloom totalled 6,170 units. Prepared yr end entry assuming carla follows aspe
D) assume that by dec 31, 2023, sales to bloom totalled 6,170 units. Prepared yr end entry assuming carla follows IFRS