subject
Business, 27.03.2020 00:25 IAmSmart5632

On July 8, Compusoft receives $350,000 from a customer toward a cash sale of $0.90 million for customized computer equipment to be completed on August 1. The remaining $550,000 payment is received upon delivery of the product on August 1. The equipment had a total production cost of $700,000. What journal entries should Compusoft record on July 8 and August 1? Assume Compusoft uses the perpetual inventory system.

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 16:00
Which type of investment offers both capital gains and interest income? a. property b. cds c. stocks d. bonds
Answers: 2
question
Business, 21.06.2019 19:40
Anew equipment has been proposed by engineers to increase the productivity of a certain manual welding operation. the investment cost is $25,000, and the equipment will have a market value of $5,000 at the end of a study period of five years. increased productivity attributable to the equipment will amount to $10,000 per year after operating costs have been subtracted from the revenue generated by the additional production. if marr is 10%, is investing in this equipment feasible? use annual worth method.
Answers: 3
question
Business, 21.06.2019 20:30
What is the most important type of decision that the financial manager makes?
Answers: 2
question
Business, 22.06.2019 12:50
Kendrick is leaving his current position at a company, and charlize is taking over. kendrick set up his powerpoint for easy access for himself. charlize needs to work in the program that is easy for her to use. charlize should reset advanced options
Answers: 3
You know the right answer?
On July 8, Compusoft receives $350,000 from a customer toward a cash sale of $0.90 million for custo...
Questions
question
Mathematics, 18.03.2021 03:30
question
Mathematics, 18.03.2021 03:30
question
History, 18.03.2021 03:30
question
Mathematics, 18.03.2021 03:30
question
Mathematics, 18.03.2021 03:30
Questions on the website: 13722367