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HOMEWORK: UNIT 3 PROJECT r. Sold appliances to MeardMeard Contracting for $230,000(cost,$93,000),receiving a 9-month,14% note. Begin by preparing the entry to journalize the sale portion

HOMEWORK: UNIT 3 PROJECT

r. Sold appliances to MeardMeard Contracting for $230,000(cost,$93,000),receiving a 9-month,14% note.

Begin by preparing the entry to journalize the sale portion of the transaction. Do not record the expense related to the sale. We will do that in the following step.

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