At 1. March, 2017, Crandall Co. made a contract to sell 100 products to a customer for 10,000 (100 per product) at various points in time over a six-month period. The company is going to deliver the products in two ways, 60 units at May 1, 2017 and 40 units at July 1, 2017.After 60 products have been delivered at May 1, 2017, Crandall modifies the contract by promising to deliver 20 more products for an additional 1,900, or 95 per product (which is the standalone selling price of the products at the time of the contract modification) before September 1, 2017. Crandall regularly sells the products separately.

What journal entries should Crandall company make regards to this contract 2017? Show journal entries for:

a) 1. March 2017 - When the contract is made

b) 1. May 2017 - when the company delivers the first 60 untis

c) 1. July 2017 - when the company delivers the next 40 units

d) 1. September 2017 - when the company delivers the last 20 units