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can soneone please help and explain? thank you Blossom Company sells goods on credit that cost $302.500 to Jason Company for $415,500 on January 2,2025
can soneone please help and explain? thank you
Blossom Company sells goods on credit that cost $302.500 to Jason Company for $415,500 on January 2,2025 . The sales price includes an installation fee, which has a standalone selling price of $43,000. The standalone selling price of the goods is $372,500. The installation is considered a separate performance obligation and is expected to take 6 months to complete. (a) Prepare the journal entries (if any) to record the sale on January 2, 2025. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account tities and enter O for the amounts. List all debit entries before credit entries.) Step by Step Solution
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