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Exercise 18-29 In September 2017, Bridgeport Corp. commits to selling 156 of its iPhone-compatible docking stations to Better Buy Co. for $14,976 ($96 per product).

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Exercise 18-29 In September 2017, Bridgeport Corp. commits to selling 156 of its iPhone-compatible docking stations to Better Buy Co. for $14,976 ($96 per product). The stations are delivered to Better Buy over the next 6 months. After 95 stations are delivered, the contract is modified and Bridgeport promises to deliver an additional 47 products for an additional $4,277 ($91 per station). All sales are cash on delivery. Prepare the journal entry for Bridgeport 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 for the amounts.) Account Titles and Explanation Debit Credit To record sales) To record cost of goods sold)

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