Prepare the journal entry on May $15,2025,$ for Brown. $($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 $0$ for the amounts. List debit entry before credit entry.$)$

Date

Account Titles and Explanation

Debit

Credit

On May $1,2025,$ Brown Inc. entered into a contract to deliver one of its specialty mowers to Ivanhoe Landscaping Co$.$ The contract requires Ivanhoe to pay the contract price of $$990$ in advance on May $15,2025.$ Ivanhoe pays Brown on May $15,2025,$ and Brown delivers the mower $($with cost of $$648)$ on May $31,2025.$

May $15,2025$