AC 302

AC 302 On November 1, 2014, Green Valley Farm entered into a contract to buy a $75,000 harvester from John Deere. The contract required Green Valley Farm to pay $75,000 in advance on November 1, 2014. The harvester (cost of $55,000) was delivered on November 30, 2014. The journal entry to record the delivery of the equipment includes a

1 Other / Other Devry University / AC 302 24 Aug 2015

AC 302 A contract

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AC 302 New Age Computers manufactures and sells pagers and radio paging systems which include a 180 day warranty on product defects. It also sells an extended warranty which provides an additional two years of protection. On May 10, it sold a paging system for $3,850 and an extended warranty for another $1,200. The journal entry to record this transaction would include

1 Other / Other Devry University / AC 302 24 Aug 2015

AC 302 Question : A company must account for a contract modification as a new contract if

1 Other / Other Devry University / AC 302 24 Aug 2015