record transaction Clarences Clown College (C3), purchased 10 mini clown cars from P3 paying $12,000...
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Accounting
record transaction
Clarences Clown College (C3), purchased 10 mini clown cars from P3 paying $12,000 up front and will pay the remaining $46,000 one month after the cars are delivered. Clarence is building a new warehouse facility and is unable to take the cars at the moment. P3 is going to hold the cars for three months and deliver them on December 1 to Clarence. The cars have been identified and set aside for Clarence.
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