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Define installment-sales method calculations-entries

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Question: (Installment-Sales Method Calculations, Entries) Coffin Corporation appropriately uses the installment-sales method of accounting to recognize income in its financial statements. The following information is available for 2014 and 2015.

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(a) Compute the amount of realized gross profit recognized in each year.

(b) Prepare all journal entries required in 2015.

Reference no: EM131592067

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