On May 10,2017,Swifty Co. enters into a contract to deliver a product to Greig Inc on June 15,2017.Greig agrees to pay the full contract price of $ 2.080 on July 15, 2017.The cost of the goods is $ 1.330. Swifty delivers the product to G for Swifty related to this Either outomatically indented when the amount is entered. Do not indent manually If no entry ls required, select "No entry for the account titles and enter O for the amounts) 15,2017,and receives payment on July 15, 2017 contract. Either party may terminate the contract without compensation until one of the parties performs. (Credit account titles are Date Account Titles and Explanation Debit Credit (To record contract entered into To record sales) To record cost of goods sold) To record payment received)