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10. This period a company provides goods in exchange for cash of $500. It provides goods of $1,000 for a promise of payment in the

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10. This period a company provides goods in exchange for cash of $500. It provides goods of $1,000 for a promise of payment in the future. It accepts a customer deposit of $1,200 for goods to be provided in the future. Last period, a customer paid a deposit of $600 for goods the company provided in this period. How much is revenue is reported for these transactions? 1. A company pays on account What types of accounts are or may be affected? Are they debited or credited

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