Question $1$ of $5$

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On May $10,2023,$ Sunland Co$.$ enters into a contract to deliver a product to Novak Inc. on June $15,2023.$ Novak agrees to pay the full price of $$1,990$ on July $15,2023.$ The cost of goods is $$1,110.$ Sunland delivers the product to Novak on June $15,2023,$ and receives payment on July $15,2023.$ Prepare the journal entries for Sunland related to this contract. $($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. Record journal entries in the order presented in the problem. List all debit entries before credit entries$)$