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Compute the amount of realized gross profit recognized

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Reference no: EM131119631

Installment-Sales Method Calculations, Entries Coffin Corporation appropriately uses the installment-sales method of accounting to recognize income in its financial statements. The following information is available for 2010 and 2011.

(a) Compute the amount of realized gross profit recognized in each year.

(b) Prepare all journal entries required in 2011.

Reference no: EM131119631

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