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Dana sells White equipment under an arrangement whereby Dana receives cash on February 2 3 , 2 0 2 1 and delivers the equipment on
Dana sells White equipment under an arrangement whereby Dana receives cash on February and delivers the equipment on August When the cash is received, Dana will record a journal entry that includes:
Multiple Cholce
Credit to deferred revenue.
Credit to Interest revenue.
Debit to notes recelvable.
Credit to sales revenue.
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Financial Accounting Reporting Analysis And Decision Making
Authors: Shirley Carlon, Rosina Mcalpine, Chrisann Lee, Lorena Mitrione, Ngaire Kirk, Lily Wong
7th Edition
0730395294, 978-0730395294
