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On May 1,2023, Blossom Company enters into a contract to transfer a product to Jimmy Company on September 30,2023 . It is agreed that Jimerry

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On May 1,2023, Blossom Company enters into a contract to transfer a product to Jimmy Company on September 30,2023 . It is agreed that Jimerry will pay the full price of $25,360 in advance on June 15,2023 . Jimmy pays on June 15,2023 , and Blossom delivers the product on September 30,2023 , which cost $17,000. Prepare the journal entries required for Blossom in 2023. (Credit account titles are automatically indented when the omount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record joumal entries in the order presented in the problem. List all debit entries before credit entries.) order presented in the problem. List all debit entries before credit entries.)

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