In September 2014, Gaertner Corp. commits to selling 171 of its iPhone-compatible docking stations to Better Buy Co. for $17,100 ($100 per product). The stations are delivered to Better Buy over the next 6 months. After 104 stations are delivered, the contract is modified and Gaertner promises to deliver an additional 52 products for an additional $4,940 ($95 per station). All sales are cash on delivery.

Prepare the journal entry for Gaertner for the sale of the first 104 stations. The cost of each station is $63. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Account Titles	Debit	Credit
(To record the sale)
(To record cost of goods sold)

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 Gaertner regularly sells the products separately. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Account Titles	Debit	Credit
(To record the sale)
(To record cost of goods sold)

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. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 52.75.)

Account Titles	Debit	Credit
(To record the sale)
(To record cost of goods sold)

In September 2014, Gaertner Corp. commits to selling 171 of its iPhone-compatible docking stations to Better Buy Co. for $17,100 ($100 per product. The stations are delivered to Better Buy over the next 6 months. After 104 stations are delivered, the contract is modified and Gaertner promises to deliver an additional 52 products for an additional $4,940 ($95 per station). All sales are cash on delivery Prepare the journal entry for Gaertner for the sale of the first 104 stations. The cost of each station is $63. (If no entry is required, select No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit To record the sale) To record cost of goods sold) 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 Gaertner regularly sells the products separately. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit To record the sale) To record cost of goods sold) 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. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 52.75.) Account Titles and Explanation Debit Credit To record the sale) To record cost of goods sold)