On December 1,2017,Sheehan,Inc.sold machinery to a customer for $2,000.Sheehan regularly sells machinery.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.Prepare the journal entry to record the revenue at the time of sale.Ignore the entry for cost of goods sold.

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The Answer of On December 1,2017,Sheehan,Inc.sold machinery to a customer for $2,000.Sheehan regularly sells machinery.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.Prepare the journal entry to record the revenue at the time of sale.Ignore the entry for cost of goods sold.