Business, 22.03.2021 19:40 batmanmarie2004

Sarasota Company sells on credits goods that cost $310,000 to Ricard Company for $409,500 on January 2, 2020. The sales price includes an installation fee, which has a standalone selling price of $42,500. The standalone selling price of the goods is $367,000. The installation is considered a separate performance obligation and is expected to take 6 months to complete. (a) Prepare the journal entries (if any) to record the sale on January 2, 2020

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Sarasota Company sells on credits goods that cost $310,000 to Ricard Company for $409,500 on January...

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