Question
1. 21-Jan Company signs a contract to build equipment for $150,000 2. 24-Jan Company receives down payment of $15,000 on equipment order to be filled
1. 21-Jan Company signs a contract to build equipment for $150,000
2. 24-Jan Company receives down payment of $15,000 on equipment order to be filled next month
3. 27-Jan Customer pays for services performed and invoiced last month of $5,500
Create all the journal entries with proper documentation including date and reasons.
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Financial Accounting
Authors: Robert Kemp, Jeffrey Waybright
2nd edition
978-0132771801, 9780132771580, 132771802, 132771586, 978-0133052152
