Question
**UPDATED. PLEASE HELP ASAP, if can. Prepare the journal entry for the following narrative: On July 31, 2013 Sun-Glass Hut Paid KAT Watches Inc $3,170,062.50
**UPDATED. PLEASE HELP ASAP, if can.
Prepare the journal entry for the following narrative:
On July 31, 2013 Sun-Glass Hut Paid KAT Watches Inc $3,170,062.50 for 21,750 custom watches. As part of the order KAT Watches has promised to in-print Sun-Glass Hut's insignia on each watch band. KAT Watches Inc plans to have the first batch of 10,000 watches ready for shipment to Sun-Glass Hut on October 31, 2013. The remaining batch of watches will not be ready for shipment until January of the following year. Prepare the July 31st Journal Entry.
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Research Methods For Accounting And Finance Global Management Series
Authors: Audrey Paterson, Kevin D. Ogorman, David Leung, Robert Macintosh, William Jackson
1st Edition
1910158895, 978-1910158890
