Just post the solution whatever you have done in 15 mins. Fast need answers fast.

No use if after 15 mins

Thanks

On 25 June 2020, Entity A received an order from a new customer, Entity B, for products with a sales value of $950,000 and a cost value of $750,000 respectively. On 30 June 2020, Entity B paid a deposit of 15% on the sales value of the order to Entity A. However, on 30 June 2020, Entity A had not completed credit checks on Entity B and had not despatched any goods to Entity B. On 7 July 2020, Entity B called Entity A and reminded Entity A to complete the order within 10 days. Entity A promised Entity B to follow up on the order ASAP. On 9 July 2020, Entity A finally delivered the products to Entity B and completed the order which was received on 25 June 2020. REQUIRED: Provide journal entries for Entity A from 25 June 2020 to 9 July 2020 under relevant accounting standards. ACCOUNTS FOR INPUT: Bank | Payable Receivable Interest expense Interest revenue Inventory | PPE Asset for product to be returned Commission expense Commission revenue Revenue Cost of sales | Contract asset Contract liability Retained earnings | No entry ANSWERS: Journal Entries: Journal Entries: Date 25-Jun-20 Account Name Debit (5) Credit ($) Hints For Sequence 30-Jun-20 7-Jul-20 9-Jul-20 Not an Asset Account