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In September 2020, Concord Corp. commits to selling 158 of its iPhone-compatible docking stations to Better Buy Co, for $17,380 ($110 per product). The stations

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In September 2020, Concord Corp. commits to selling 158 of its iPhone-compatible docking stations to Better Buy Co, for $17,380 (\$110 per product). The stations are delivered to Better Buy over the next 6 months. After 94 stations are delivered, the contract is modified and Concord promises to deliver an additional 48 products for an additional $5,040 ( $105 per station). All sales are cash on delivery. (a) Prepare the journal entry for Concord for the sale of the first 94 stations. The cost of each station is $51. (Credit accoun?t 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.) Prepare the journal entry for Concord for the sale of the first 94 stations. The cost of each station is $51. (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.)

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