Current Attempt in Progress

On June $1,2023,$ Ivanhoe Company sells $$180,000$ of shelving units to a local retailer, Metlock, which is planning to expand its stores

in the area. Under the agreement, Metlock asks Ivanhoe to retain the shelving units at its factory until the new stores are ready for

installation. Title passes to Metlock at the time the agreement is signed. The shelving units are delivered to the stores on September $1,$

$2023,$ and Metlock pays in full.

Prepare the journal entries for this bill$-$and$-$hold at

Ivanhoe on June $1$ and September $1,2023.$ The C

indented when the amount is entered. Do not inden

amounts. Record journal entries in the order presente

ment $($assuming that conditions for recognizing the sale have been met$)$ for

relving units to Ivanhoe is $$99,000.($Credit account titles are automatically

o entry is required, select $"$No Entry" for the account titles and enter $O$ for the

Dlem. List all debit entries before credit entries.$)$

Date

Account Titles and Explanation

Debit

Credit

$($To record sale on account$)$