The in-store list price on the date of sale is $595000.

The condition......with remaining balance on a note face value due in four years

On January 2, 2020, a public company sells machinery for $620,000. The in-store list price on the date of sale is The condition for the sale is the customer will pay $104,000 in cash on the date of the sale with the remaining ! Required Record all 2020 and 2021 journal entries assuming the company follows a calendar year