Brief Exercise 18-2 On May 10, 2017, Grouper Co. enters into a contract to deliver a product to Greig Inc. on Jue 15, 2017. Greig agrees to pay the full contract price of $1,840 on July 15, 2017. The cost of the goods is $1,170. Grouper delivers the product to Greig on June 15, 2017, and receives payment on July 15, 2017. Prepare the journal entries for Grouper related to this contract. Either party may terminate the contract without compensation until one of the parties performs. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts.) Dehil Credi To record contract entered into) To record sales) To record cost of goods sold) To record payment received) Question Attempts: 0 of S usedAVE FOR LATER