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In September 2020, Ayayai Corp. commits to selling 149 of its iPhone-compatible docking stations to Better Buy Co. for $16,390 ($110 per product). The
In September 2020, Ayayai Corp. commits to selling 149 of its iPhone-compatible docking stations to Better Buy Co. for $16,390 ($110 per product). The stations are delivered to Better Buy over the next 6 months. After 92 stations are delivered, the contract is modified and Ayayai promises to deliver an additional 45 products for an additional $4,725 ($105 per station). All sales are cash on delivery. Prepare the journal entry for Ayayai for the sale of the first 92 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 O for the amounts.) Account Titles and Explanation Debit Credit (To record sales) of goods cold)
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