pleasehelpme666
27.03.2020 •
Business
On July 8, Compusoft receives $350,000 from a customer toward a cash sale of $0.90 million for customized computer equipment to be completed on August 1. The remaining $550,000 payment is received upon delivery of the product on August 1. The equipment had a total production cost of $700,000. What journal entries should Compusoft record on July 8 and August 1? Assume Compusoft uses the perpetual inventory system.
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I dont but im ok
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