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Question 5 of 6 < > View Policies Show Attempt History 4.5/9 Oriole Company sells goods that cost $429,000 to Paver Company for $657,000
Question 5 of 6 < > View Policies Show Attempt History 4.5/9 Oriole Company sells goods that cost $429,000 to Paver Company for $657,000 on January 2, 2025 on account. The sales price includes an installation fee, which is valued at $60,000. The fair value of the goods is $597,000. The installation is considered a separate performance obligation and is expected to take 6 months to complete. E (a) Your answer is correct. Prepare the journal entries (if any) 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.) Date Account Titles and Explanation Debit Credit
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