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Bramble Inc. enters into an agreement on March 1, 2020, to sell Werner Metal Company aluminum ingots. As part of the agreement, Bramble also agrees
Bramble Inc. enters into an agreement on March 1, 2020, to sell Werner Metal Company aluminum ingots. As part of the agreement, Bramble also agrees to repurchase the ingots on May 1,2020 , at the original sales price of $160,000 plus 1%. (a) Your answer is correct. Prepare Bramble's journal entry necessary on March 1, 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.) eTextbook and Media Attempts: 2 of 6 used (b) Prepare Bramble's journal entry for the repurchase of the ingots on May 1, 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts.)
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