* Practice Exercise 18-01 On October 1, 2017, Blue Inc. entered into a contract to sell a custom van to Smith Tours for $36,800. Under the contract, Smith is to pay Blue 54,900 on October 10, 2017 and pay the remainder of the purchase price upon delivery (scheduled for October 31, 2017). Smith makes the $4,900 payment in a timely manner. Blue delivers the van (with cost of $28,100) on October 31, 2017. Your answer is correct. Prepare Blue's journal entry on October 1, 2017. (Credit account titles are automatically indented when 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.) Account Titles and Explanation Debit Credit No Entry No Entry Your answer is partially correct. Try again. Prepare Blue's journal entry on October 10, 2017. (Credit account titles are automatically indented when 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.) Account Titles and Explanation Debit Credit 4900 5 TAccounts Receivable 14900 x Your answer is incorrect. Try again. Prepare Blue's journal entry on October 31, 2017. (Credit account titles are automatically indented when 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.) Account Titles and Explanation Debit Credit (To record sales) (To record cost of goods sold)