During Year $1,$ HRH Granite entered into sales contracts and other revenue$-$related transactions

that the finance manager, Marsha Chapman, would like analyzed and recorded correctly as of

the company's fiscal year$-$end of June $30.$ For its first year in business, the company is recording

transactions directly into the company's general ledger. As HRH Granite's staff accountant,

Marsha has asked that you perform the analyses and prepare the necessary journal entries. In

performing your tasks, you should assume that, where appropriate, the five$-$step process for

recognizing revenue from contracts with customers has been accurately applied.

$(3$ points$)$ Using the information provided in the exhibits, complete the journal entries

for each respective exhibit. Please select the account names from the accounts provided

below the table. Note that you may not use all the provide account names. $(0\mathrm{.}5$ points

deduction for each mistake, total up to $3$ points of deduction.$)$

According to Exhibit $1$ Journal Entries $($Year $1)$

$3/31$ JE:

$6/15$ JE:

According to Exhibit $2$ Journal Entries $($Year $1)$

$4/1$ JE:

$6/30$ JE