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On January 1,2025, Wildhorse Co, enters into a contract to sell a customer a wiring base and shelving unit that sits on the base in

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On January 1,2025, Wildhorse Co, enters into a contract to sell a customer a wiring base and shelving unit that sits on the base in exchange for $3,600. The contract requires delivery of the base first but states that payment for the base will not be made unti the shelving unit is delivered. Wildhorse identifies two performance obligations and allocates $1,440 of the transaction price to the wiring base and the remainder to the shelving unit. The cost of the wiring base is $710; the shelves have a cost of $350. Prepare the journal entry on February 25, 2025, for Wildhorse when the shelving unit is delivered to the customer and Widhorse receives full payment. (Credit occount 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 0 for the amounts. List all debit entries before credit entries)

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