Carpenter company has used the installment method of

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Carpenter company has used the installment method of accounting since it began operations at the beginning of 2011. Following pertains to its operations: installment sales 1400000. cost of installment sales 980000 collections of installment sales 560000 general and administravie expense 140000. amout to be reported Dec 31 2011.

Reference no: EM13598085

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