chapter 18 part 2 - 2,000,000 cash 13,000,000 accts...

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Chapter 18 Part 2 Homework, Brief exercise 18-8, Exercises 18-1, 18-4, 18-6, 18-14, 18-15 BE-8 repossessed merchandise 275 loss on repossession 37 deferred gross profit 208 installment accounts receivable 520 E-1 a) Because the books were sold F o b shipping point, Ulding could record revenue at the point of s b) c) accts receivable 15,000,000 sales revenue texts 15,000,000 sales returns 1800000 allowance for sales 1800000 d) sales return 200,000 allowance for sales returns 1,800,000 accts receivable
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Unformatted text preview: 2,000,000 cash 13,000,000 accts receivable 13,000,000 E-4 2010 2011 2012 contract price 1600000 1600000 1600000 cost to date 400,000 825,000 1,070,000 cost to complete 600,000 275,000 E-6 Estimated contract cost at completion 2,000,000 fixed fee 450,000 total 2,450,000 total estimated cost 2,000,000 gross profit 450,000 percentage of completion 40% gross profit to be recognized 180000 E-14 186184 E-15 a) 83000 sale based when it is shipped....
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This note was uploaded on 04/14/2011 for the course ACCT 3202 taught by Professor Kenmichael during the Spring '11 term at University of Minnesota Duluth.

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chapter 18 part 2 - 2,000,000 cash 13,000,000 accts...

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