On December 12, 2021, Park Electronics received $24,000 from a customer toward a cash sale of $240,000

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On December 12, 2021, Park Electronics received $24,000 from a customer toward a cash sale of $240,000 of diodes to be completed on January 16, 2025. What journal entries should Park record on December 12 and January 16?

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Intermediate Accounting

ISBN: 9781264134526

11th Edition

Authors: David Spiceland

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Question Posted: Aug 24, 2022 06:39 AM

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On December 12, 2021, Park Electronics received $24,000 from a customer toward a cash sale of $240,000

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December 12 Cash 24000 D...View the full answer

Intermediate Accounting

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