Question
Coronado land sales Sold for $245,000 a parcel of land that cost $180,000. the cost recovery method was appropriately used. collections on the sales were;
Coronado land sales Sold for $245,000 a parcel of land that cost $180,000. the cost recovery method was appropriately used. collections on the sales were; $60,000 in 2012 $90,000 in 2013 and $95,000 in 2014. Prepare journal entries to record the sales cash collection and Reconciliation of gross profit (if appropriate) and 2012, 2013 and 2014
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Principles Of Accounting
Authors: Steven M. Bragg
1st Edition
1642210773, 978-1642210774
