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8 May, 18:14

Black systems sold and delivered modems to white computers for $330,000 to be paid by white in three equal installments over the next three months. the journal entry made by black systems to record this transaction will include: a debit to sales revenue for $330,000. a debit to accounts receivable for $330,000. a debit to accounts receivable for $110,000. a debit to cash for $330,000.

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  1. 8 May, 18:41
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    Why are they giving $110,000 more?
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