hat is the journal entry Pogrund makes to record the receipt of the $10,000 good faith deposit on December 31, 2019? What is the journal entry Pogrund makes on March 31, 2020 to record the receipt of an additional $85,000 from David Corporation when it signs the contract? What is the journal entry Pogrund makes on June 30, 2020 when David notifies Pogrund that it is terminating the contract?
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