Business, 25.03.2021 19:50 rubincain203
On August 10, 2020, Ritt sells 16 mini-trenchers to a farm co-op in western Minnesota on account. Ritt provides a 4% volume discount on the mini-trenchers if the co-op has a 15% increase in purchases from Ritt compared to the prior year. Given the slowdown in the farm economy, sales to the co-op have been flat, and it is highly uncertain that the benchmark will be met. Prepare the journal entry for Ritt on August 10, 2020.
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On August 10, 2020, Ritt sells 16 mini-trenchers to a farm co-op in western Minnesota on account. Ri...
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