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The Albert Corporation Sells Merchandise on the Installment Basis,and the Uncertainties

Question 64

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The Albert Corporation sells merchandise on the installment basis,and the uncertainties of cash collection make the use of the installment sales method of accounting acceptable.The following data relate to two years of operations.
The Albert Corporation sells merchandise on the installment basis,and the uncertainties of cash collection make the use of the installment sales method of accounting acceptable.The following data relate to two years of operations.    Record the transactions related to installment sales for 2014 and 2015. Record the transactions related to installment sales for 2014 and 2015.

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