On February 15, Huang Manufacturing received an order for 1,000 industrial fans which each sell for $15,000. The customer provided a 10% down payment at
On February 15, Huang Manufacturing received an order for 1,000 industrial fans which each sell for $15,000. The customer provided a 10% down payment at that time. Huang delivered the fans on March 1, and received payment of all amounts due on March 10. Required:
Prepare the journal entries (if any) that Huang would record on February 15, March 1, and March 10 with respect to this transaction.
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Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
2nd Edition
0471347744, 978-0471347743
