James Appliances sells a kitchen appliance set for $12,000. The inventory sold is valued at $7200. The customer pays $1000 down and puts the rest on account. The customer takes possession of appliances the same day. To have the answer graded correctly, enter the correct value preceded by a + or - sign (e.g. +350 or -650). For categories that are unaffected enter the value "0" NO SPACES

Answer rating: 100% (QA)

Accounting Entries Sale Debit Accounts Receivable 11000 ... View the full answer