{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Homework - Ch 5 - Exercise 5-4 Requirement 1 July 1 2006 To...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
Exercise 5-4 Requirement 1 July 1, 2006 To record installment sale Installment receivables ................................................... 300,000 Sales revenue .............................................................. 300,000 Cost of goods sold .......................................................... 120,000 Inventory ..................................................................... 120,000 To record cash collection from installment sale Cash ................................................................................ 75,000 Installment receivables ............................................... 75,000 July 1, 2007 To record cash collection from installment sale Cash ................................................................................ 75,000 Installment receivables ............................................... 75,000
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon