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On March 1, 2023, Blossom Company enters into a contract to sell a product to Jimmy Johnson on July 31, 2023, The contract is structured

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On March 1, 2023, Blossom Company enters into a contract to sell a product to Jimmy Johnson on July 31, 2023, The contract is structured such that Jimmy Johnson is required to pay the full contract price of $5,010 on August 31,2023. The cost of goods transferred is $3,000. Blossom delivers the product to Jimmy Johnson on July 31,2023. What journal entries should Blossorn make regarding this contract in 2023 ? (Credit occount titles are automotically 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 ail debit entries before credit entries. Record journal entries in the order presented in the problem.)

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