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On Decmber 31,2025, Nash Inc rendered services to Beghun corporation nagreed price of...

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Accounting

On Decmber 31,2025, Nash Inc rendered services to Beghun corporation nagreed price of
On December 31,2025, Nash Inc. rendered services to Beghun Corporation at an agreed price of $120,418, accepting $47,200 down and agreeing to accept the balance in four equal installments of $23,600 receivable each December 31. An assumed interest rate of 11% is imputed.
(a1)
(a2)
Your answer is partially correct.
Prepare the entry that would be recorded by Nash Inc. for the sale on December 31,2025.(Round answers to 0 decimal places, e.g.5,275. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.)
Account Titles and Explanation
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