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Question 9 of 14 View Policies Current Attempt in Progress On May 1, 2020, Blossom Inc. entered into a contract to deliver one of its
Question 9 of 14 View Policies Current Attempt in Progress On May 1, 2020, Blossom Inc. entered into a contract to deliver one of its specialty mowers to kickapoo Landscaping Co. The contract requires Kickapoo to pay the contract price of $931 in advance on May 15, 2020. Kickapoo pays Blosson on May 15, 2020 and Blossom delivers the mower (with cost of $505) on May 21, 2020. Prepare the journal entry on May 1, 2020, Blossom (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 for the amounts) Date Account Titles and Explanation Debit Credit May 1.2020 b) Prepare the journal entry on May 15, 2020, for Blossom. (Credit cxccount lities 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 Ofor the amounts: Date Account Titles and Explanation Debit Credit May 15, 2020 (c) Prepare the journal entry on May 31, 2020 for Blossom Credit account titles are automatically indented when the amount is entered. Do not inderit manually. If no entry is required, select "No entry "for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit May 31 2020 To record sales) To record cost of goods sold)
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