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What is the adjusted journal entry for this

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Question - You discover that a sale of a product was made on account and CMC recorded the sale in December for $136,200. However, the product has not yet been shipped, therefore it is not considered to be "delivered to the customer." The cost of the product was 55% of its selling price. CMC uses the perpetual inventory method. What is the adjusted journal entry for this? Why?

Reference no: EM132684834

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