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On May 10, 2025, Sandhill Co. enters into a contract to deliver a product to Blossom inc, on June 15, 2025. Blossom agrees to pay
On May 10, 2025, Sandhill Co. enters into a contract to deliver a product to Blossom inc, on June 15, 2025. Blossom agrees to pay the full eontract price of $1,880 on July 15,2025. The cost of the goods is $1,180. Sandhill delivers the product to Blossom on fune 15 , 2025, and receives payment on July 15, 2025. Prepare the journal entries for Sandhill related to this contract. Either party may terminate the contract without compensation until one of the parties performs. (Credit account tities are automotically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles ond enter Ofor the amounts. List all debit entries before credit entries. Record journot entries in the order presented in the probiem. 5iles Revenue [To record sales] June 15, 2025 Cash Accounts Receivable (To record cost of goods sold? Mily 15,2025 Cost of Coods Sold Irventory eTextbook and Media List of Accounts suppor
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