a car shop records its sales in installments. In 1995, installment sales were $2,000. Recording is done for each item sold in installments. at the end of 1995, the total principal of installments sold was $900. total receipts from the 1995 installment sales were $825. The estimated price of the repositioned item is $50 and the balance owed on the reposition is $90. Prepare the journal entry for the above event by: 1. Shows the total gross profit that can be realized until the end of the year (Make it into the journal) 2. record repositioning (make it into a journal) 3. Record realized gross profit (make it into the journal) a car shop records its sales in installments. In 1995, installment sales were $2,000. Recording is done for each item sold in installments. at the end of 1995, the total principal of installments sold was $900. total receipts from the 1995 installment sales were $825. The estimated price of the repositioned item is $50 and the balance owed on the reposition is $90. Prepare the journal entry for the above event by: 1. Shows the total gross profit that can be realized until the end of the year (Make it into the journal) 2. record repositioning (make it into a journal) 3. Record realized gross profit (make it into the journal)