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Prepare the journal entries required for Riverbed

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Question - On May 1, 2020, Riverbed Company enters into a contract to transfer a product to Eric Company on September 30, 2020. It is agreed that Eric will pay the full price of $23,410 in advance on June 15, 2020, Eric pays on June 15, 2020, and Riverbed delivers the product on September 30, 2020. Prepare the journal entries required for Riverbed in 2020.

Reference no: EM133223938

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