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If u may please explain as well from where to get the numbers or inputs Step 1 Identify the Contract With Customers (cont.) Example: On
If u may please explain as well from where to get the numbers or inputs Step 1 Identify the Contract With Customers (cont.) Example: On March 1, 2014, Margo Company enters into a contract to transfer a product to Soon Yoon on July 31, 2014. The contract is structured such that Soon Yoon is required to pay the full contract price of $5,000 on August 31, 2014.The cost of the goods transferred is $3,000. Margo delivers the product to Soon Yoon on July 31, 2014. What journal entries should Margo Company make in regards to this contract in 2014? Mar. 1, 2014 No Entr7
If u may please explain as well from where to get the numbers or inputs
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