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2. Haines Heating sold an HVAC system to a customer for $60,000 on January 1. As part of the contract, Haines will provide free maintenance
| 2. Haines Heating sold an HVAC system to a customer for $60,000 on January 1. As part of the contract, Haines will provide "free" maintenance support for the first year. Haines sells the same system without maintenance support for $55,000 and a stand-along maintenance contract for $10,000. Prepare Haine's journal entry to record the sale of the HVAC system. |
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College Accounting Chapters 1-13
Authors: John Price, M. David Haddock, Michael Farina
15th Edition
125999516X, 9781259995163
