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On May 1, 2025, Blossom Company enters into a contract to transfer a product to Jason Company on September 30, 2025. It is agreed
On May 1, 2025, Blossom Company enters into a contract to transfer a product to Jason Company on September 30, 2025. It is agreed that Jason will pay the full price of $23,500 in advance on June 15, 2025. Jason pays on June 15, 2025, and Blossom delivers the product on September 30, 2025. Prepare the journal entries required for Blossom in 2025. (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 all debit entries before credit entries. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit
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