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11. August 15th, your customers bought 9,000 units of your product at $112.00 per unit. The cost of this product is determined by the method
11. August 15th, your customers bought 9,000 units of your product at $112.00 per unit. The cost of this product is determined by the method of inventory valuation used by your company. Customers paid you 50% in cash and the remainder was on account.
What is the journal entry, adjusting entry (if there is one) and how do you put it in T - Account?
thanks!
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