Question: please fill the table in the picture Question 1. 10 Marks In 1/12/2018 Quds Cars sold 500,000 to Jamal Retails. Jamal paid 100,000 in cash.
please fill the table in the picture
Question 1. 10 Marks In 1/12/2018 Quds Cars sold 500,000 to Jamal Retails. Jamal paid 100,000 in cash. And the remaining balance on 4 semi-annual installments of Annual interest on uncollected amounts is 10%. Cost of sale 300,000. Instructions: Complete the revenue recognition table below suing the Revenue Recognition after covering all costs Interest Revenue Revenue and Interest based on covering all costs Uncovered Recognized Date Collections Uncollected Cost Revenue 01/12/2018 31/12/2018 01/06/2019 01/12/2019 31/12/2019 01/06/2020 01/12/2020 31/12/2020 Total
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