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On January 1, 2024. Wooten Technology Associates sold computer equipment to the Denison Company. Delivery was made on January 1,2024, but payment for the equipment

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On January 1, 2024. Wooten Technology Associates sold computer equipment to the Denison Company. Delivery was made on January 1,2024, but payment for the equipment of $10,000 is not due until December 31, 2024. Assuming that Wooten views the time value of money to be a significant component of this transaction and that an 8% interest rate is applicable. How much sales revenue would Wooten recognize on January 1, 2024? Note: Use tobles, Excel, or a financial colculator. Round your final answer to the nearest whole dollar. (FV of \$1, PV of S1, FVA of \$1. PVA of \$1. FVAD of \$1 and PVAD of \$1)

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