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.)

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.)
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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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.)

On December 1, 2013, Parsons Sales Sold Machinery to a Customer