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Exercise 18-4 (Part Level Submission) Windsor Company sells goods to Danone Inc. by accepting a note receivable on January 2, 2017. The goods have a

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Exercise 18-4 (Part Level Submission) Windsor Company sells goods to Danone Inc. by accepting a note receivable on January 2, 2017. The goods have a sales price of $639,100 (cost of $480,000). The terms are net 30. If Danone pays within 5 days however, it receives a cash discount of $9,100. Past history indicates that the cash discount will be taken. On January 28, 2017, Daone makes payment to Windsor for the full sales price. Prepare the journal entry(ies) to record the sale and related cost of goods sold for Windsor Company on January 2, 2017, and the payment on January 28, 2017. Assume that Windsor Company records the January 2, 2017, transaction using the net method. (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.) Date Acceant Titles and Explanation Debit Credit To record sales To record cost of goods sold To record payment reeeived Click if you would like to Show Work for this question: Open Show Work

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