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On May 1, 2025, Davidson Inc. entered into a contract to deliver one of its specialty mowers to Oriole Landscaping Co. The contract requires Oriole
On May 1, 2025, Davidson Inc. entered into a contract to deliver one of its specialty mowers to Oriole Landscaping Co. The contract requires Oriole to pay the contract price of $930 in advance on May 15, 2025. Oriole pays Davidson on May 15, 2025, and Davidson delivers the mower (with cost of $632 ) on May 31, 2025. Prepare the journal entry on May 15, 2025, for Davidson. (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 0 for the amounts. List debit entry before credit entry.)
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