Question: I NEED HELP WITH THIS YourTech begon operations on January 1, 2022, and manufactures electronic components for the aerospace industry. YourTech follows USGAAP, has a
YourTech begon operations on January 1, 2022, and manufactures electronic components for the aerospace industry. YourTech follows USGAAP, has a December 31 year-end date, and issues its financial statements on March 15. For all dollar amounts, use whole numbers with commas, no decimals. Do not use $ signs, On November 1, 2022. YourTech receives a payment of $10,000 from a customer representing a down payment of 50% of an order to be delivered during January 2023 Prepare the Journal Entry that YourTech records on November 1, 2022 to record the receipt of the payment Account Title Debit Credit
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