On December 1,2013,Parsons Sales Sold Machinery to a Customer for $2,000.The

question 144

Essay

On December 1,2013,Parsons Sales sold machinery to a customer for $2,000.The customer could not pay at the time of sale,but agreed to pay 9 months later,and signed a 9-month note at 12% interest.Please provide the accrual entry needed at December 31,2013.
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Definitions:

Platelets

Small, disk-shaped cell fragments in the blood that are essential for blood clotting.

Megakaryocytes

Large bone marrow cells responsible for the production of blood thrombocytes (platelets).

Capillary Tube

A thin tube used in medical and scientific applications to hold and transfer small amounts of fluid.