On July $1,2021,$ Bothell Inc. entered into a contract to deliver one of its specialty machines to Kent Co$.$ The contract requires Kent to pay the contract price of $$6,000$ in advance on July $15,2021.$ Kent pays Bothell on July $15,2021,$ and Bothell delivers the machine $($with cost of $$3,800)$ on July $31,2021.$

Instructions

$($a$)$ Prepare the journal entry on July $1,2021,$ for Bothell

$($b$)$ Prepare the journal entry on July $15,2021,$ for Bothell.

$($C$)$ Prepare the journal entry on July $31,2021,$ for Bothell.

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