On March 1, 2023, Carla Vista Company enters into a contract to sell a product to Joseph Taylor on July 31, 2023. The contract is structured such that Joseph Taylor is required to pay the full contract price of $5,390 on August 31, 2023. The cost of goods transferred is $3,200. Carla Vista delivers the product to Joseph Taylor on July 31,2023. What journal entries should Carla Vista make regarding this contract in 2023? (Credit account 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 O for the amounts. List alf debit entries before credit entries. Record joumal entries in the order presented in the problem.)