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YellowCard Property Managers operates upscale student goartment buildings. On May 1, 2020, Bridgeport signs a contract with YellowCard for 330 appliance bundles to be
YellowCard Property Managers operates upscale student goartment buildings. On May 1, 2020, Bridgeport signs a contract with YellowCard for 330 appliance bundles to be delivered and installed in one of its new buildings. YellowCard pays 20% cash at contract signing and will pay the balance upon installation no later than August 1, 2020. Prepare journal entries for Bridgeport on (1) May 1, 2020, and (2) August 1, 2020, when all appliances are installed. (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 O for the amounts) No. Date Account Titles and Explanation Debit Credit May (1) 1, Cash 2020 Unearned Sales Revenue Aug (2) 1, Unearned Sales Ravenue 2020 hp 100.000 100.000 Mar 19 1200
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