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On January 1, 2019, Crystal Company agreed to sell a diamond to a customer at a special price of $4,000. Payment terms were $800 on

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On January 1, 2019, Crystal Company agreed to sell a diamond to a customer at a special price of $4,000. Payment terms were $800 on January 1, 2019, and $800 each January 1 from 2020 to 2023. Crystal normally charges 9% interest to its customers but did not charge interest on this special sale. Required How much revenue, and how much accounts receivable, should Crystal recognize on January 1, 2019? (Use a financial calculator and enter your answers as positive amounts, rounded to the nearest whole dollar. Note that there are four periods.) January 1, 2019 Revenue Receivable

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