Question: Part B. Electro Co. recently developed an incentive scheme that allows customers to defer payments to-boost-sales. On May 1, 2018, a customer-signed-a-purchase agreement with Electro-Co.-for-a-

Part B. Electro Co. recently developed an incentive scheme that allows customers to defer payments to-boost-sales. On May 1, 2018, a customer-signed-a-purchase agreement with Electro-Co.-for-a- television. The television had a list price of $10,000, which represents the price the customer had to pay if full-payment would be made on the purchase date. Can Electro-Co. recognize sales revenue on May 1, 2018? Why? (2*) Please provide the journal entries related to this sales transaction-for-Electro-Co. Please- clearly denote the dates of each journal entry. (7")--+ Part B. Electro Co. recently developed an incentive scheme that allows customers

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