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In September 2020 , Coronado Corp. commits to selling 137 of its iPhone-compatible docking stations to Better Buy Co. for $14,111 ( $103 per product).

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In September 2020 , Coronado Corp. commits to selling 137 of its iPhone-compatible docking stations to Better Buy Co. for $14,111 ( $103 per product). The stations are delivered to Better Buy over the next 6 months. After 94 stations are delivered, the contract is modified and Coronado promises to deliver an additional 41 products for an additional $4,018 ( $98 per station). All sales are cash on delivery. (a) Prepare the journal entry for Coronado for the sale of the first 94 stations. The cost of each station is $56. (Credit occount 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.)

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