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On May 1 0 , 2 0 2 5 , Cullumber Co . enters into a contract to deliver a product to Oriole Inc. on
On May Cullumber Co enters into a contract to deliver a product to Oriole Inc. on June Oriole agrees to pay the full contract price of $ on July The cost of the goods is $ Cullumber delivers the product to Oriole on June and receives payment on July Prepare the journal entries for Cullumber related to this contract. Either party may terminate the contract without compensation until one of the parties performs
On May Cullumber Co enters into a contract to deliver a product to Oriole Inc. on June Oriole agrees to pay the full contract price of $ on July The cost of the goods is $ Cullumber delivers the product to Oriole on June and receives payment on July Prepare the journal entries for Cullumber related to this contract. Either party may terminate the contract without compensation until one of the parties performs
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