Assume PC Mall sold inventory on account to eCOST.com on December 28, 2008, which was to be delivered January 3, 2009. The inventory cost PC Mall $25,000 and the selling price was $30,000. What amounts, if any, related to this transaction would be reported on PC Mall's balance sheet and income statement in 2008 and in 2009?

Answer rating: 100% (QA)

2 In 2008 when the sale made on December 28th it should repo... View the full answer