Business, 31.08.2021 17:30 jasminellenaee
On May 1, 2020, Sage 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 Sage on May 15, 2020, and Sage delivers the mower (with cost of $651) on May 31, 2020.
Required:
a. Prepare the journal entry on May 1, 2020, for Crane.
b. Prepare the journal entry on May 15, 2020, for Crane.
c. Prepare the journal entry on May 31, 2020, for Crane.
Answers: 2
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On May 1, 2020, Sage Inc. entered into a contract to deliver one of its specialty mowers to Kickapoo...
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