Sheridan sells 3-D printers along with a number of retail items. The package price and stand-alone selling prices of each item are as follows. The printer and stand are often sold as a bundle with the bundling discount noted below. Bundling Stand-Alone Price When Item Selling Price Bundled Discount $4,300 3-D printer (cost $3,440) $3,870 $430 Custom stand (cost $175) 390 390 -0- Special 3-D plastic (cost $115 150 150 -0- $4,840 $4,410 $430 Total for bundle Due to the timing of the delivery-the plastic is delivered six months after the printer is delivered to the customer-Sheridan chooses to account for two performance obliqations: (1) the printer and stand, and (2) the plastic. Prepare the journal entries for Sheridan on March 1, 2020, when Sheridan receives $44,100 for the sale of 10 printer bundles, and September 1, 2020, when the plastic are delivered to customers. (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.) Account Titles and Explanation Debit Credit Date (To record sales) (To record cost of goods sold) (To record sales) (To record cost of goods sold) Sheridan sells 3-D printers along with a number of retail items. The package price and stand-alone selling prices of each item are as follows. The printer and stand are often sold as a bundle with the bundling discount noted below. Bundling Stand-Alone Price When Item Selling Price Bundled Discount $4,300 3-D printer (cost $3,440) $3,870 $430 Custom stand (cost $175) 390 390 -0- Special 3-D plastic (cost $115 150 150 -0- $4,840 $4,410 $430 Total for bundle Due to the timing of the delivery-the plastic is delivered six months after the printer is delivered to the customer-Sheridan chooses to account for two performance obliqations: (1) the printer and stand, and (2) the plastic. Prepare the journal entries for Sheridan on March 1, 2020, when Sheridan receives $44,100 for the sale of 10 printer bundles, and September 1, 2020, when the plastic are delivered to customers. (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.) Account Titles and Explanation Debit Credit Date (To record sales) (To record cost of goods sold) (To record sales) (To record cost of goods sold)