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Prepare the journal entries (if any) to record the sale on January 2, 2025. (List all debit entries before credit entries. Credit account titles ore

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Prepare the journal entries (if any) to record the sale on January 2, 2025. (List all debit entries before credit entries. Credit account titles ore outomatically indented when the amount is entered. Do not indent manually. If no entry is required. select "No Entry" for the account titles and enter o for the amounts.) Carla Vista prepares an income statement for the first quarter of 2025, ending on March 31, 2025 (installation was completed on June 18, 2025). How much revenue should Carla Vista recognize related to its sale to Tri Town? Carla Vista Company sells goods that cost $490,500 to Tri Town Company for $559,500 on January 2,2025 on account. The sales price includes an installation fee, which is valued at $54,000. The fair value of the goods is $505,500. The installation is considered a separate performance obligation and is expected to take 6 months to complete. (a) Prepare the journal entries (if amy) to record the sale on January 2, 2025. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)

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