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In September 2017, Cheyenne Corp. commits to seling 135 of its iPhone-compatible docking stations to Better Buy Co. for $14,040 (s104 per product). The stations
In September 2017, Cheyenne Corp. commits to seling 135 of its iPhone-compatible docking stations to Better Buy Co. for $14,040 (s104 per product). The stations are delivered to Better Buy over the next 6 months. After 93 stations are delivered, the contract is modified and Cheyenne promises to deliver an additional 43 products for an additional $4,257 ($95 per station). All sales are cash on delivery. the journal entry for Cheyenne for the sale of the first 93 stations.The cost of each station is $59. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is select "No required entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit mo record sales) mo record cost of goods sold)
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