On May 10, 2023, Ivanhoe Co. enters into a contract to deliver a product to Metlock Inc. on June 15, 2023. Metlock agrees to pay the full price of $1,750 on July 15,2023 . The cost of goods is $1,530. Ivanhoe delivers the product to Metlock on June 15,2023 , and receives payment on July 15, 2023. Prepare the journal entries for Ivanhoe related to this contract. (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. Record journal entrles in the order presented in the problem. List all dbit entries before credit entries.)