On December 1,2017,Sheehan,Inc

question 151

Essay

On December 1,2017,Sheehan,Inc.sold machinery to a customer for $2,000.Sheehan regularly sells machinery.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.Prepare the journal entry to record the revenue at the time of sale.Ignore the entry for cost of goods sold.

---

Definitions:

Attentional Focus

The cognitive process of concentrating on one aspect of the environment while ignoring others.

Executive Functioning

A set of mental skills coordinated in the brain, including memory, flexible thinking, and self-control, that helps manage time, pay attention, and plan actions.

Risk of Death

The probability or chance that an individual will die from a disease or other circumstances within a certain period of time.

Proinflammatory Cytokines

Molecules released by the immune system that promote inflammation as part of the body's response to infection or injury.