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On July 1, 2021, Marigold Inc. entered into a contract to deliver one of its specialty machines to Kickapoo Landscaping Co. The contract requires Kickapoo
On July 1, 2021, Marigold Inc. entered into a contract to deliver one of its specialty machines to Kickapoo Landscaping Co. The contract requires Kickapoo to pay the contract price of $3,500 in advance on July 15,2021 . Kickapoo pays Marigold on July 15,2021 , and Marigold delivers the machine (with cost of $1,900 ) on July 31,2021 . Prepare the journal entry on July 1, 2021, for Marigold. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit Debit eTextbook and Media Prepare the journal entry on July 15,2021 , for Marigold. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit Debin eTextbook and Media Prepare the journal entry on July 31,2021, for Marigold. (Credit account titles are qutomatically indented when 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.)
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