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On February 15, Huang Manufacturing received an order for 2,200 industrial fans which each sell for $12,500. The customer provided a 10% down payment
On February 15, Huang Manufacturing received an order for 2,200 industrial fans which each sell for $12,500. 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. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet < 2 3 Record the 10% down payment received for an order of 2,200 industrial fans for $12,500 each. Note: Enter debits before credits. Date February 15 General Journal Debit Credit Journal entry worksheet 1 2 3 Record the sale of 2,200 industrial fans for $12,500 each. Note: Enter debits before credits. Date March 01 General Journal Debit Credit > Journal entry worksheet 2 3 Record the balance amount received from the customer. Note: Enter debits before credits. Date March 10 General Journal Debit Credit .
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