On December 1, 2017, Sheehan, Inc sold machinery to a customer for $2,000
Sheehan regularly sells machinery. The customer could not pay at the time of sale but agreed to pay 9 months later and signed a 9-month note at 12% interest. Prepare the journal entry to record the revenue at the time of sale. Ignore the entry for cost of goods sold.
What will be an ideal response
Notes Receivable 2,000
Sales Revenue 2,000
You might also like to view...
How can individuals acting as references for job applicants minimize the risk of being sued for defamation or misrepresentation?
A. by giving only broad opinions B. by only giving information about observable, job-related behaviors C. by exclusively giving out positive information about a candidate D. by excluding employment dates and the employee's final salary E. by giving as much information as possible
People for whom technologies already existed when they were born are referred to as ______.
a. millennials b. virtual pioneers c. digital natives d. digital immigrants
List the six steps of the Conflict Resolution through Supportive Confrontation strategy
What will be an ideal response?
Which of the following is not a type of integer nonlinear programming model?
a. An all-integer nonlinear programming model b. A mixed-integer nonlinear programming model c. A nonlinear integer goal programming model d. All of the above are types of integer programming models.