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journal entries for this sum will be ? Bramble Mowers Ltd. agreed to sell the City of H four riding mowers and 20 push lawn
journal entries for this sum will be ?
Bramble Mowers Ltd. agreed to sell the City of H four riding mowers and 20 push lawn mowers. The contract price was $74,400. Bramble normally sells its riding mowers for $14,880 and its push lawn mowers for $992. The contract required the City of Halifax to pay Bramble once all of the merchandise has been delivered to the city's public works yard. Bramble's management does not expect any returns or any issues with payment. Bramble delivered all four of the riding mowers and 14 of the push mowers on April 26. The remaining six push mowers were delivered on May 5. Bramble received payment from the city on May 18. Bramble's cost for each riding mower is $10,292, while the push mowers cost the company $640 each Step by Step Solution
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