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 journal entry to record the revenue at the time of sale. (You may disregard the entry for cost of goods sold.)
Definitions:
Environmental Influences
External factors surrounding an individual that significantly impact their behavior, development, and growth.
Conscious Rational Beings
Refer to individuals who possess self-awareness and the capability to reason and make judgments.
Cognitive Movement
An approach within psychology that emphasizes understanding how our thought process influences behavior and learning.
Adler
Alfred Adler was an Austrian medical doctor and psychotherapist who founded the school of individual psychology, emphasizing the importance of societal factors in personality development.
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