Question: 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

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

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