On December 1,2013,Parsons Sales sold machinery to a customer for $2,000.The customer could not pay at the time of sale,but agreed to pay 9 months later,and signed a 9-month note at 12% interest.Please provide the journal entry to record the revenue at the time of sale.(You may disregard the entry for cost of goods sold.)
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Question

On December 1,2013,Parsons Sales sold machinery to a customer for $2,000.The customer could not pay at the time of sale,but agreed to pay 9 months later,and signed a 9-month note at 12% interest.Please provide the journal entry to record the revenue at the time of sale.(You may disregard the entry for cost of goods sold.)
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\hline \quad\quad\quad&\quad&\quad \
\hline \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of On December 1,2013,Parsons Sales sold machinery to a customer for $2,000.The customer could not pay at the time of sale,but agreed to pay 9 months later,and signed a 9-month note at 12% interest.Please provide the journal entry to record the revenue at the time of sale.(You may disregard the entry for cost of goods sold.)
 $$\begin{array} { | l | r | r | } 
\hline \quad\quad\quad&\quad&\quad \
\hline \
\hline
\end{array}$$

On December 1,2013,Parsons Sales Sold Machinery to a Customer for $2,000.The