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ILL UPVOTE!!! Incorrect Question 2 0 / 2.5 pts A customer of Ashley Frangipane Corp. ordered merchandise on June 17, 2020. The customer agreed to
ILL UPVOTE!!!
Incorrect Question 2 0 / 2.5 pts A customer of Ashley Frangipane Corp. ordered merchandise on June 17, 2020. The customer agreed to pay Frangipane $3,000 for the merchandise, which included delivery. Frangipane shipped the merchandise on June 30, and it was delivered to the customer on July 3. The customer paid the $3,000 in cash on July 14. When should Frangipane record the $3,000 in revenue for this sale? June 17 June 30 July 3 July 14 November 15 (just to be safe) Incorrect Question 5 0 / 2.5 pts Stefani Joanne Angelina Germanotta, Inc., is a retailer that sells kitchen appliances. On Dec. 30, 2020, a customer stopped by Germanotta's store to order a $750 dishwasher and paid cash. Germanotta will deliver the dishwasher to the customer on Jan. 15, 2021. What should Germanotta record for this transaction in its 2020 financial statements? $750 in revenue on the income statement $750 expense (cost of goods sold) on the income statement $750 liability (unearned revenue) on the balance sheet $750 asset (prepaid expense) on the balance sheet $750 equity (contributed capital) on the balance sheetStep by Step Solution
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