On May 1, 2017, Tamarisk 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 $930 in advance on May 15, 2017. Kickapoo pays Tamarisk on May 15, 2017, and Tamarisk delivers the mower (with cost of $632) on May 31, 2017. (a) Prepare the journal entry on May 1, 2017, for Tamarisk. (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.) Date Account Titles and Explanation Debit Credit May 1, 2017
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Home » Business » On May 1, 2017, Tamarisk 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 $930 in advance on May 15, 2017.