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On December 12, 2018, Pace Electronics received $40,000 from a customer toward a cash sale of $400,000 of diodes to be completed on January 16, 2019. What journal entries should Pace record on December 12 and January 16?
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On December 12, 2018, Pace Electronics received $40,000 from a customer toward a cash sale of $400,0...
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