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shell company sells Goods that cost $300,000 to Rick recard company for $410,000 on January...

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Accounting

shell company sells Goods that cost $300,000 to Rick recard company for $410,000 on January 2nd, 2014. The sales price includes an installation fee which is valued at $400,000. The fair value of the goods is $370,000. The installation is expected to take six months. A prepare the journal entry to record the sale on January 2nd 2014. there are three entries. B. Shop repairs an income statement for the first quarter of 2014 ending on March 31st, 2014. How much revenue should shall recognize related to its sale to Ricard?

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