Assume the same information as P7-6. Prepare the journal entries required by Deng Yaping Co. in 2009,

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Assume the same information as P7-6. Prepare the journal entries required by Deng Yaping Co. in 2009, applying the installment-sales method of accounting. (Ignore interest charges.)

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Intermediate Accounting principles and analysis

ISBN: 978-0471737933

2nd Edition

Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso

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Question Posted: May 10, 2012 01:44 AM

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Assume the same information as P7-6. Prepare the journal entries required by Deng Yaping Co. in 2009,

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2007 2008 2009 Rate of gross profit 40 37 35 Gross profit realized 40 of 75000 40 of 100000 37 of 10...View the full answer

Intermediate Accounting principles and analysis

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