2. Coronado Land Sales sold for $245,000 a parcel of land that cost $180,000. The cost recovery method was appropriately used. Collections on the sale were: $60,000 in 2012, $90,000 in 2013, and $95,000 in 2014.
Prepare journal entries to record the sale,
AC 5230 Problem Set 1
Create a single Excel document with one worksheet/tab for each problem. Each
problem is worth 20 points.
The following accounts appeared on the trial balance of Gaudette Company at
December 31, 2008. All accou