How would you write out the transaction of “Complete a special mowing job for the golf course. The total price for the mowing job is $12,400. The golf course pays $6,000 on this date and will pay the remainder on August 25.” How would you write this out, what categories would it fall under, and how would you break it up? Would you just mark $6,000 down and that’s it? So under cash and then retained earnings?
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