on december 1, 2019, pinewood company sold machinery to a customer for $2000. pinewood regularly sells machinery. the customer could not pay at the time of sale but agreed to pay 9 month and signed a 9 month note at 12%interest. prepare the journal entry to record the revenue at the time of sale. ignore the entry for cost of goods sold.

Q: In November 2019, Yammy Fun Inc. purchased advertising for $1,000 that ran in the local November…

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Q: ) On December 1, 2019, Pinewood Company sold machinery to a customer for $2,000. Pinewood regularly…

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A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: chapter 8

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A:

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Q: On July 10, 2020, Flounder Music sold CDs to retailers on account and recorded sales revenue of…

A: Cost of goods sold rate = Cost of goods soldSales revenue x 100…