ABC INC SOLD 1,250,000 machine to XYZ INC on OCT 15th for $ 150,000 down and 10 monthly payments of $ 110,000 Machine COST ABC $ 500,000 Show OCT 15th Entry with CASH PAYMENT of $ 150,000 Hint Use Installment method and Defer GROSS MARGIN SHow NOV 15th entry if $ 220,000 paid instead of $ 110,000

Just want journal entries

So you are not going to bring the sales to account until you are paid