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

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On May 1, 2020, Wildhorse 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 $965 in advance on May 15, 2020, Kickapoo pays Wildhorse on May 15, 2020, and Wildhorse delivers the mower (with cost of $651) on May 31, 2020. (a) Prepare the journal entry on May 1, 2020, for Wildhorse. (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) Date Account Titles and Explanation May 1.2020 No Entry No Entry Debit Credit (b) Prepare the journal entry on May 15, 2020, for Wildhorse. (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.) Date Account Titles and Explanation Debit Credit

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