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On May 1, 2020, Marigold Inc. entered into a contract to deliver one of its specialty mowers to Kickapoo Landscaping Co. The contract requires Kickapoo

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On May 1, 2020, Marigold Inc. entered into a contract to deliver one of its specialty mowers to Kickapoo Landscaping Co. The contract requires Kickapoo to pay the contract price of $852 in advance on May 15, 2020. Kickapoo pays Marigold on May 15, 2020, and Marigold delivers the mower (with cost of $548) on May 31, 2020, (a) Prepare the journal entry on May 1, 2020, for Marigold. (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 for the amounts.) Date Account Titles and Explanation Debit Credit May 1, 2020 (b) Prepare the journal entry on May 15, 2020, for Marigold. (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 for the amounts.) 0 Date Account Titles and Explanation Debit Credit May 15, 2020 (c) Prepare the journal entry on May 31, 2020, for Marigold. (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 for the amounts.)

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