On May 1 2020 Wildhorse Inc Entered Into A Contract To Deliver One Of Its Specialty Mowers To Kickapoo Landscaping Co 1 (25.13 KiB) Viewed 10 times
On May 1 2020 Wildhorse Inc Entered Into A Contract To Deliver One Of Its Specialty Mowers To Kickapoo Landscaping Co 2 (22.37 KiB) Viewed 10 times
On May 1 2020 Wildhorse Inc Entered Into A Contract To Deliver One Of Its Specialty Mowers To Kickapoo Landscaping Co 3 (18.61 KiB) Viewed 10 times
On May 1, 2020, Wildhorse 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 $965 in advance on May 15, 2020, Kickapoo pays Wildhorse on May 15, 2020, and Wildhorse delivers the mower (with cost of $651) on May 31, 2020. (a) Prepare the journal entry on May 1, 2020, for Wildhorse. (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) Account Titles and Explanation Date May 1,2020 No Entry Date No Entry Debit (b) Prepare the journal entry on May 15, 2020, for Wildhorse. (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.) Account Titles and Explanation Credit Debit Credit 0
(b) Prepare the journal entry on May 15, 2020, for Wildhorst. (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) Date May 15, 2020 Account Titles and Explanation Cash Debit (To record sales) (c) Prepare the journal entry on May 31, 2020, for Wildhorse. (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) Date Account Titles and Explanation May 31, 2020 Credit Debit Credit
(c) Prepare the journal entry on May 31, 2020, for Wildhorse. (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) Account Titles and Explanation Date May 31, 2020 (To record sales) (To record cost of goods sold) Debit Credit 00
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