In September 2020, Ivanhoe Corp. commits to selling 144 of its iPhone-compatible docking stations to Better Buy Co. for $17,820 ($108 per product). The stations are delivered to Better Buy over the next 6 months. After 93 stations are delivered, the contract is modified and Ivanhoe promises to deliver an additional 41 products for an additional $4,223 ($103 per station). All sales are cash on delivery.

Prepare the journal entry for Ivanhoe for the sale of the first 93 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 O for the amounts.) Account Titles and Explanation (To record sales) (To record cost of goods sold) eTextbook and Media List of Accounts Debit Credit