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( NEED HELP WITH PART B ) In September 2 0 2 5 , Carla Vista Corp. commits to selling 1 3 9 of its
NEED HELP WITH PART B In September Carla Vista Corp. commits to selling of its iPhonecompatible docking stations to Pharoah Co for $
$ per product The stations are delivered to Pharoah over the next months. After stations are delivered, the contract is
modified and Carla Vista promises to deliver an additional products for an additional $$ per station All sales are cash on
delivery.
a
Your answer is correct.
Prepare the journal entry for Carla Vista for the sale of the first stations. The cost of each station is $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 for the amounts. List all debit entries before credit entries.
Account Titles and Explanation
Debit
Credit
To record sales
To record cost of goods sold
b
Prepare the journal entry for the sale of more stations after the contract modification, assuming that the price for the
additional stations reflects the standalone selling price at the time of the contract modification. In addition, the additional stations
are distinct from the original products as Carla Vista regularly sells the products separately. 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 for
the amounts. List all debit entries before credit entries.
Account Titles and Explanation
To record sales
To record cost of goods sold
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