How should black diamond recognize on january

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Reference no: EM132707863

On January? 1, 2019?, Black Diamond Company agreed to sell a diamond to a customer at a special price of $9,000. Payment terms were $1,800 on January? 1, 2019?, and $1,800 each January 1 from 2020 to 2023. Black Diamond normally charges 10% interest to its customers but did not charge interest on this special sale.

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Problem 1: How much? revenue, and how much accounts? receivable, should Black Diamond recognize on January? 1, 2019?? ?(Use a financial calculator and enter your answers as positive? amounts, rounded to the nearest whole? dollar.)

Reference no: EM132707863

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