CALCULATOR FULL SCREEN PRINTER VERSION BACK- Question 7 In September 2017, Windsor Corp. commits to selling 156 of its iPhone-compati additional 47 products for an additional $4,277 (591 per station). All sales are cash on delivery. ble docking stations to Better Buy Co. for $14,976 ($96 per product). The stations are delivered, the contract is modified and Windsor promises to deliver an Prepare the journal entry for Windsor for the sale of the first 95 stations. The cost of each station is $51. (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 fo the amounts.) Account Titles and Explanation Debit (To record sales) (To record cost of goods sold) SHOW ST OF ACCOUNTS Prepare the journal entry for the sale of 10 more stations after the contract modification, assuming that the price for the additional stations reflects the standalone selling price at the time of the contract modification. In addition, the additional stations are distinct from the orlginal products as Windsor regularly sells the products separately. (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.) Aa ENG 702 PM 11/302018 (To record cost of goods sold) SHOW LIST OF ACCOUNTS Prepare the journal entry for the sale of 10 more stations after the contract modification, assuming that the price for standalone selling price at the time of the contract modification. In addition, the a regularly sells the products separately. (Credit account titles are automatically indented no entry is required, select "No entry" for the account titles and enter O for the amounts.) dditional stations are distinct from the original products as Windsor when the amount is entered. Do not indent manually. If Account Titles and Explanation Debit (To record sales) (To record cost of goods sold) SHOW LIST OF ACCOUNTS Prepare the journal entry for the sale of 10 more stations (as in (b)), assuming that the pricing for the additional products does not reflect the standalonse selling price of the additional products an d the prospective method is used. (Credit account titles are automatically indented when the amount is 11/302018 End 40) CALCULATOR FULL SCREEN PRINTER VERSION BACK (To record cost of goods sold) SHOW LIST OF ACCOUNTS Prepare the journal entry for the sale of 10 more stations (as in (b)), assuming that the pricing for the additional products does not reflect the standalone selling price of the additional products and the prospective method is used. (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. Round answers to 2 decimal places, e.g. 1,525.25.) Account Titles and Explanation Debit (To record sales) (To record cost of goods sold) E 100 SAVE FOR LATER Question Attempts: 0 of 1 used 11/30/2018 PrtScn Home pll
