Question: please help with the journal entries Problem 1 On December 12, 2016, Pace Electronics received $24,000 from a customer toward a cash sale of $240,000

please help with the journal entries please help with the journal entries Problem 1 On December 12, 2016,

Problem 1 On December 12, 2016, Pace Electronics received $24,000 from a customer toward a cash sale of $240,000 of products to be completed on January 16, 2017. What journal entries should Pace record on December 12 and January 16

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