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need some help pleases? In September 2025, Oriole Corp. commits to selling 140 of its iPhone-compatible docking stations to Blue $ pruce Co. for $15,260
need some help pleases?
In September 2025, Oriole Corp. commits to selling 140 of its iPhone-compatible docking stations to Blue $ pruce Co. for $15,260 (\$109 per product). The stations are delivered to Blue Spruce over the next 6 months. After 88 stations are delivered, the contract is modified and Oriole promises to deliver an additional 48 products for an additional $4,992 (\$104 per station). All sales are cash on delivery. (a) Prepare the journal entry for Oriole for the sale of the first 88 stations. The cost of each station is $49. (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 0 for the amounts. List all debit entries before credit entries.) Step by Step Solution
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