Question $7$ of $15$

stockbroker. Per the contract, Blossom Land is to deliver the custom furniture to White's residence by June $15,2024.$ White is

an excellent customer and has always abided by the contract terms in the past. If Blossom Land cannot make the delivery by

June $15,$ the contract terms state that White has the option of cancelling the sale and receiving a full reimbursement of any

down payment. It is estimated that Blossom Land's cost to design and manufacture the furniture ordered by White will be

$$7,560.$

As Blossom Land's accountant, prepare all journal entries related to the sale. Assume that revenue is recognized at the time of

delivery. $($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. List all debit entries before credit entries. Record journal entries in the

order presented in the problem.$)$

Date

Account Titles and Explanation

Debit

$($To record the sale of furniture$)$

$($To record the costs related to the design

and manufacturing of the custom furniture$)$