Part B?

Prepare the journal entries (if any) to record the sale on January 2, 2025. (List all debit entries before credit entries. 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 O for the amounts.) Wildhorse prepares an income statement for the first quarter of 2025, ending on March 31,2025 (installation was completed on June 18,2025). How much revenue should Wildhorse recognize related to its sale to Handley? Wildhorse Company sells goods that cost $475,500 to Handley Company for $562,500 on January 2,2025 on account. The sales price includes an installation fee, which is valued at $58,500. The fair value of the goods is $504,000. The installation is considered a separate performance obligation and is expected to take 6 months to complete. (a) Your answer is correct. Prepare the journal entries (if any) to record the sale on January 2, 2025. (List all debit entries before credit entries. Credit account tities are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter o for the amounts.)