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need assistance on this problem please? On May 1,2025, Oriole Company enters into a contract to transfer a product to George Company on September 30,
need assistance on this problem please?
On May 1,2025, Oriole Company enters into a contract to transfer a product to George Company on September 30, 2025. It is agreed that George will pay the full price of $23,680 in advance on June 15,2025. George pays on June 15,2025 , and Oriole delivers the product on September 30, 2025. Prepare the journal entries required for Oriole in 2025. (Credit account titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the occount titles and enter O for the amounts. List all debit entries before credit entries. Record journal entries in the order presented in the problem.) Step by Step Solution
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