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3. After transferring his house into mini factory Daymond and his team were able to fulfill $75,000 worth of orders, that means $75,000 worth of

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3. After transferring his house into mini factory Daymond and his team were able to fulfill $75,000 worth of orders, that means $75,000 worth of apparel were shipped to the retailers. Daymond also mentioned that "it took 30,60, 90 days" for stores to pay FUBU. That is typical for B to B (Business to Business) to operate on credit. What journal entry did FUBU make on the day it shipped $75,000 worth of apparel to retailers? Assets Liabilities Stockholders' Equity Revenue - Expense = Income Net = Options + Common Stock + - Cash Accounts receivables 75,000 + + 75,000 + 75,000 + Accounts Unearned + payable revenue +75,000 + +75,000 = 75,000 + Retained + camings + + 75,000 + + 75,000 B 75,000 + + + = 75,000 = = 75,000 D 75,000

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