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Season Inc enters into an agreement on May 1 2015 to sell Special Day Receptions Co. specialty furniture for $500,000. The furniture is for events
Season Inc enters into an agreement on May 1 2015 to sell Special Day Receptions Co. specialty furniture for $500,000. The furniture is for events hosted by Special Day during the summer months. As part of the agreement. Season Inc manners agrees to repurchase the furniture in 09 2015 for $520,000. What the journal entry Season Inc will make on 05 2015 ?
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