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Question 1: Give the ledger entries for the following transactions: A) A customer buys $10,000 of your product, pays $5,000 in cash and promises to

Question 1: Give the ledger entries for the following transactions: A) A customer buys $10,000 of your product, pays $5,000 in cash and promises to pay the rest within 60 days.

B) BigRichCo buys UpandComing for 100 million dollars. The fair value accounting values UpandComing at 75 million dollars.

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