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How is the journal entry in the event of a cancellation

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Question - Toni wants to invest with the amount of money he has. He then ordered 1,000 shares of PT Karya Jaya property with a nominal value of Rp 7,013.00 per share. The price agreed by both parties is IDR 7,250.00 per share. Toni gave an advance of 60% and the rest was paid 1 month later. PT Karya Jaya property uses the formal recorded authorization method. At the time of settlement, the investor cancels the order. How is the journal entry in the event of a cancellation, so that the company returns the amount already received.

Reference no: EM133053188

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