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The below information is the same as the previous question On January 20, a company financed the sale of equipment and recorded a note receivable
The below information is the same as the previous question On January 20, a company financed the sale of equipment and recorded a note receivable for the sale. The accountant inappropriately recorded the sale at the face value and coupon rate in the below income Notes receivable race value 30 Note receivable information the note 3 years Coupon rate Marietate 56 The note due nequel null payments of principle and interest Incorrect income statement for the year ended December 2011 es SUR 200 Interest revenue con el Expenses relax income GER Nincome What is correct amount of sales that should be reported on the income statement? The below information is the same as the previous question On January 20, a company financed the sale of equipment and recorded a note receivable for the sale. The accountant inappropriately recorded the sale at the face value and coupon rate in the below income Notes receivable race value 30 Note receivable information the note 3 years Coupon rate Marietate 56 The note due nequel null payments of principle and interest Incorrect income statement for the year ended December 2011 es SUR 200 Interest revenue con el Expenses relax income GER Nincome What is correct amount of sales that should be reported on the income statement
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