need this asap please On December 12, 2024, Park Electronics received...
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need this asap please
On December 12, 2024, Park Electronics received $24,000 from a customer toward a cash sale of $240,000 of diodes to be completed on January 16, 2025. What journal entries should Park record on December 12 and January 16 ? BE 13-7 Advance collection [ In Lizzie Shoes' experience, gift cards that have not been redeemed within 12 months are not likely to be redeemed. Lizzie Shoes sold gift cards for $18,000 during August 2024. $4,000 of cards were redeemed in September 2024, $3,000 in October, \$2,500 in November, and \$2,000 in December 2024. In 2025 an additional $1,000 of cards were redeemed in January and $500 in February. How much gift card revenue associated with the August 2024 gift card sales would Lizzie get to recognize in 2024 and 2025? BE 13-8 Sales tax LO13-3 During December, Rainey Equipment made a $600,000 credit sale. The state sales tax rate is 6% and the local sales tax rate is 1.5%. Prepare the appropriate journal entry
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