Hendrix inc., an equipment dealer, sells equipment on january 1, 2018, to jimi company for $200,000. it agrees to repurchase this equipment from jimi company on december 31, 2019, for a price of $233,280. at 1/1/18, hendrix should )sales revenue of $200,000.(b)sales revenue of $200,000 and a liability of $33,280.(c)sales revenue of $200,000 and interest expense of $33,280.(d)a liability of $200,000.
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Hendrix inc., an equipment dealer, sells equipment on january 1, 2018, to jimi company for $200,000....
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