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Prepare the journal entry topper company would record

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On October 1, Topper Company signs a contract to sell 1,000On October 8, 900tie-dyed shirts for $10,000 ($10.00 each).

shirts are delivered and Topper receives $9,000 cash (900 * $10)

Problem a. Prepare the journal entry Topper Company would record to recognize revenue on October 8:

  • Debit
  • Credit

Reference no: EM132687702

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