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Current Attempt in Progress Blossom Sleeper Ltd. manufactures and sells mattresses to retailers across Canada. In 2024, Blossom Sleeper signed a two-year contract with Cullumber

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Current Attempt in Progress Blossom Sleeper Ltd. manufactures and sells mattresses to retailers across Canada. In 2024, Blossom Sleeper signed a two-year contract with Cullumber Ltd. to supply it with 38,600 mattresses at a price of $99 per unit. Blossom Sleeper's cost to manufacture a mattress is $25. Blossom Sleeper provides Cullumber with 30 -day credit terms from the date of delivery. The following schedule summarizes the production, delivery, and payments in relation to the contract: Date Account Titles and Explanation 2024 (To record sales revenue) (To record cost of goods sold) (To record collections) 2025 (To record collections) 2025 (To record sales revenue) (To record cost of goods sold) (To record collections)

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