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Business, 31.08.2020 17:01 vanderrage

Henly Company enters into a contract to transfer a product to Propel Inc. On July 31, 2019. It is agreed that Propel will pay the full price of $10,000 in advance on April 15, 2019. Henly delivers the product on July 31, 2019. The cost of the product is $7,500. Requirement: What journal entries are required in 2019?

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Henly Company enters into a contract to transfer a product to Propel Inc. On July 31, 2019. It is ag...
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