Larimar Computers Provides Customers the Option to Purchase Products with Three

question 42

Essay

Larimar Computers provides customers the option to purchase products with three installment payments made over 12 months (equal payments at the end of the 4th, 8th, and 12th months). In January 2012, Larimar sold $39,000 of computers to one customer on this installment plan. The cost of these computers is $30,420.
Required:
Using the installment sales method, record the journal entries for Larimar's installment sales made in January 2012 and the subsequent payments received on each installment date. Assume all installment payments are received, and ignore the time value of money.

Provide immediate and proper response and care for sexual assault victims, including those who decline treatment.

Understand the recovery indicators in victims of sexual assault.

Identify and explain the reactions and coping strategies of rape victims during the long-term phase.

Understand the principles of medication reconstitution and dilution.

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Definitions:

Net Useful Energy

The amount of energy available for use after subtracting energy losses in conversion, transmission, and distribution.

Natural Gas

A fossil fuel consisting mainly of methane, used as an energy source for heating, cooking, and electricity generation, and as a fuel for vehicles.

Tax Credits

Government incentives that reduce the amount of tax owed, dollar for dollar, to encourage certain activities or investments.

Energy Efficiency

The practice of using less energy to provide the same service or achieve the same result.