Question: On January 1 , 2 0 2 4 , Wooten Technology Associates sold computer equipment to the Denison Company. Delivery was made on January 1

On January 1,2024, Wooten Technology Associates sold computer equipment to the Denison Company. Delivery was made on January 1,2024, but payment for the equipment of $10,000 is not due until December 31,2024. Assuming that Wooten views the time value of money to be a significant component of this transaction andthat an 8% interest rate is applicable. how much sales revenue would Wooten recognize on January 1,2024?

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