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Prepare the appropriate journal entry for the transaction

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Question - On August 22, 2021, Sandhill Manufacturing sold on account one of its Model S14 bulldozer including a 5-year service contract for $234,000. The stand-alone price of the equipment is $184,800 and the other service contract sells separately for $79,200. Prepare the appropriate journal entry for the transaction. Ignore cost of goods sold entry.

Reference no: EM132773928

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