Business
Business, 06.04.2021 14:00, 123jefe

On 20/07/2019, "ABC" Company sold goods to customer "X" with a total value of $120.000 The customer pad 40% cash, and signed a 80 days, 10% note for the reaming balance.
Instructions:
Based on the above given information answer the following questions, assuming the company has a fiscal year
ending 31/8:
1)
What is the amount of sales revenue that "ABC" Company must record on August 10 2019
2) on 31/8/2020 « ABC » company must a note
receivable with an amount on statement of
financial position?
Help me with these two questions please


On 20/07/2019, ABC Company sold goods to customer X with a total value of $120.000 The customer

answer
Answers: 2

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On 20/07/2019, "ABC" Company sold goods to customer "X" with a total value of $120.000 The customer...

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