In September $2025,$ Sheridan Corp. commits to selling $140$ of its iPhone$-$compatible docking stations to Splish Co$.$ for $$14,840($$$106$

per product$).$ The stations are delivered to Splish over the next $6$ months. After $86$ stations are delivered, the contract is modified and

Sheridan promises to deliver an additional $46$ products for an additional $$4,646($ $$101$ per station$).$ All sales are cash on delivery.

$($a$)$

Your answer is correct.

Prepare the journal entry for Sheridan for the sale of the first $86$ stations. The cost of each station is $$52.($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 $0$ for the amounts. List all debit entries before credit entries.$)$

Account Titles and Explanation

Debit

Credit

Sales Revenue

$9116$

$($To record sales$)$ Your answer is correct.

Prepare the journal entry for the sale of $10$ more stations after the contract modification, assuming that the price for the

additional stations reflects the standalone selling price at the time of the contract modification. In addition, the additional stations

are distinct from the original products as Sheridan regularly sells the products separately. $($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 $0$ for

the amounts. List all debit entries before credit entries.$)$

Account Titles and Explanation

Debit

Credit

Cash

$1060$

Sales Revenue

$($To record sales$)$

Cost of Goods Sold

$($To record cost of goods sold$)$Your answer is partially correct.

Prepare the journal entry for the sale of $10$ more stations $($as in $($b$)),$ assuming that the pricing for the additional products does not

reflect the standalone selling price of the additional products and the prospective method is used. $($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 $0$ for the amounts. Round answers to $2$ decimal places, e$.$g$.1,525\mathrm{.}25.$ List all debit entries before credit entries.$)$

Account Titles and Explanation

$($To record sales$)$

Cost of Goods Sold

Inventory

$($To record cost of goods sold$)$

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