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Current Attempt in Progress The following information is available for Martinez Hotel Supplies Ltd. regarding a recent contract with a customer: The performance obligation was

image text in transcribed Current Attempt in Progress The following information is available for Martinez Hotel Supplies Ltd. regarding a recent contract with a customer: The performance obligation was completed on April 6, 2024. Prepare the journal entries to recognize the revenue from this contract assuming that Martinez Hotel Supplies uses the contract-based approach to recognize revenue and that management estimates that the customer will most likely pay within the discount period. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.)

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