During 2012 daveo sells inventory costing 200000 to, Ask an Expert

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During 2012 Daveo sells inventory costing $200,000 to BUA301co for 400,000 on credit. Daveo is concerned about collectability of the receivable so accounts for the transaction under the installment Sales method. Before the end of the year BUA301co pays $ 100,000 of the receivable in cash. Record all the entries necessary for this transaction during 2012.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M949734

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