Hey, here's the info. Dec. 1/04: Sold inventory for $60000. $10000 cash down payment, 20000 payable Dec. 1/05, and 30000 payable Dec. 1/06. The cost of inventory was 40000. Customer signed an installment note which called for interest at 12% on unpaid balance on Dec. 31 '04 and '05 and Dec....

I purchase an apartment for $ 1.7m and paid first instalmment of 250k ,Before the second installment I sell the apartment at the value of 1.9m .Please tell me how to record the journal entry .

If I bought a short term investment for $5,000 the journal entry is: Mktbl Securities $5,000 Cash $5,000 Now I sold the short-term investment securities purchased and the net proceeds of $5,500 were received in cash... what...