When do Keurig and Dr Pepper record a

Keurig and Dr. Pepper sign a deal for Keurig’s upcomng cold machine • Deal

Question 1 On the date of the exclusive contract signing, would Keurig record an

Question 2 On the date of the exclusive contract signing, would Dr. Pepper Snapple

Question 3 Assume that Keurig places an order for Diet Dr. Pepper syrup. Would

Question 4 When Dr. Pepper Snapple Group delivers the Diet Dr. Pepper syrup to

Question 5 What would the journal entry be for Keurig on the date it

Question 6 What would the journal entry be for Dr. Pepper on the date

Question Recap 1. On the date of the exclusive contract signing, would Keurig record

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When do Keurig and Dr Pepper record a transaction resulting from their exclusive arrangement for Keurig’s upcoming Keurig Cold machine? Original blog posting (March 17, 2015) Copyright © 2014 by Dr. Wendy Tietz. This work is licensed under a Creative Commons Attribution. Non. Commercial 3. 0 Unported License.

Keurig and Dr. Pepper sign a deal for Keurig’s upcomng cold machine • Deal for exclusive rights to make pod-versions of Dr. Pepper Snapple products • Anticipated release date in fall 2015 Copyright © 2014 by Dr. Wendy Tietz. This work is licensed under a Creative Commons Attribution. Non. Commercial 3. 0 Unported License.

Question 1 On the date of the exclusive contract signing, would Keurig record an entry in its books? Why or why not? Copyright © 2014 by Dr. Wendy Tietz. This work is licensed under a Creative Commons Attribution. Non. Commercial 3. 0 Unported License.

Question 2 On the date of the exclusive contract signing, would Dr. Pepper Snapple Group record an entry in its books? Why or why not? Copyright © 2014 by Dr. Wendy Tietz. This work is licensed under a Creative Commons Attribution. Non. Commercial 3. 0 Unported License.

Question 3 Assume that Keurig places an order for Diet Dr. Pepper syrup. Would either company record a transaction on the order date? Copyright © 2014 by Dr. Wendy Tietz. This work is licensed under a Creative Commons Attribution. Non. Commercial 3. 0 Unported License.

Question 4 When Dr. Pepper Snapple Group delivers the Diet Dr. Pepper syrup to Keurig, would either company record a transaction? (Assume that shipping and delivery occur on the same day. ) Copyright © 2014 by Dr. Wendy Tietz. This work is licensed under a Creative Commons Attribution. Non. Commercial 3. 0 Unported License.

Question 5 What would the journal entry be for Keurig on the date it purchases the syrup from Dr Pepper (assume it purchases on account)? Copyright © 2014 by Dr. Wendy Tietz. This work is licensed under a Creative Commons Attribution. Non. Commercial 3. 0 Unported License.

Question 6 What would the journal entry be for Dr. Pepper on the date it sells the syrup to Keurig (assume it sells on account)? Copyright © 2014 by Dr. Wendy Tietz. This work is licensed under a Creative Commons Attribution. Non. Commercial 3. 0 Unported License.

Question Recap 1. On the date of the exclusive contract signing, would Keurig record an entry in its books? Why or why not? 2. On the date of the exclusive contract signing, would Dr. Pepper Snapple Group record an entry in its books? Why or why not? 3. Assume that Keurig places an order for Diet Dr. Pepper syrup. Would either company record a transaction on the order date? 4. When Dr. Pepper Snapple Group delivers the Diet Dr. Pepper syrup to Keurig, would either company record a transaction? (Assume that shipping and delivery occur on the same day. ) 5. What would the journal entry be for Keurig on the date it purchases the syrup from Dr Pepper (assume it purchases on account)? 6. What would the journal entry be for Dr. Pepper on the date it sells the syrup to Keurig (assume it sells on account)? Copyright © 2014 by Dr. Wendy Tietz. This work is licensed under a Creative Commons Attribution. Non. Commercial 3. 0 Unported License.

For additional news stories to use in the accounting classroom, see the Accounting in the Headlines blog at http: //accountingintheheadlines. com/ Related video resources can be found at http: //www. youtube. com/user/accountingheadlines Questions or comments? Contact Dr. Wendy Tietz at wtietz@kent. edu Copyright © 2014 by Dr. Wendy Tietz. This work is licensed under a Creative Commons Attribution. Non. Commercial 3. 0 Unported License.