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On January 2, 2022. Vaughn SE sells goods to Geo Company in exchange for a zero-interest-bearing note with face value of 69,100 , with payment

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On January 2, 2022. Vaughn SE sells goods to Geo Company in exchange for a zero-interest-bearing note with face value of 69,100 , with payment due in 12 months. The fair value of the goods at the date of sale is 7,900 (cost 64,740 ). Prepare the journal entries to record this transaction on January 2, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter Ofor the amounts) Date Account Titles and Explanation Debit Jan. 2,2022 (To record sales) (To record cost of goods sold) How much total revenue should be recognized in 2022? Total revenue eTextbook and Media

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