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Business, 30.10.2019 04:31 sassyparker1216

C. on december 31, 2019, the company sold an appliance for $1,200. the company received $500 cash and a note from the customer for $700 and $260 interest, to be paid at the rate of $40 a month for 24 months. because of the customer's poor credit record, the fair market value of the note was only $600. the cost of the appliance was $750. what amount is included in the gross receipts and what is the gross profit

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C. on december 31, 2019, the company sold an appliance for $1,200. the company received $500 cash an...

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