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Provide journal entries for recognition of the transaction

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Question 1: On july 01, 2020 BWSC provided certain services to a preferred customer in exchange for a long-term note receivable. BWSC provided its services in exchange for five payments of $4000 to help stimulate the sale given the recent financial crisis. The first payment is due July 01, 2021. Provide journal entries for recognition of this transaction.

Reference no: EM132992315

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