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View Policies Current Attempt in Progress On January 2, 2020, Martinez Inc. sells goods to Geo Company in exchange for a zero-interest-bearing note with
View Policies Current Attempt in Progress On January 2, 2020, Martinez Inc. sells goods to Geo Company in exchange for a zero-interest-bearing note with face value of $9,000, with payment due in 12 months. The fair value of the goods at the date of sale is $8,100 (cost $4,860). Prepare the journal entry to record this transaction on January 2, 2020. (Credit account titles are automatically Indented when 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 Jan. 2, 2020 Account Titles and Explanation (To record sales) (To record cost of goods sold) How much total revenue should be recognized in 2020? Total revenue eTextbook and Media Debit Credit
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