On May 1, 2025, Sunland Company enters into a contract to transfer a product to...

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Accounting

On May 1, 2025, Sunland Company enters into a contract to transfer a product to Edward Company on September 30, 2025. It is agreed that Edward will pay the full price of $26,200 in advance on June 15, 2025. Edward pays on June 15, 2025, and Sunland delivers the product on September 30, 2025. Prepare the journal entries required for Sunland in 2025. (Credit ccount 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. List all debit entries before credit entries. Record journal entries in the order presented in the problem.)
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On May 1,2025, Sunland Company enters into a contract to transfer a product to Edward Company on September 30, 2025. It is agreed that Edward will pay the full price of $26,200 in advance on June 15, 2025. Edward pays on June 15, 2025, and Sunland delivers the product on September 30, 2025. Prepare the journal entries required for Sunland in 2025. (Credit account titles are outomatically 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. List all debit entries before credit entries. Record journal entries in the order presented in the problem. Date Account Titles and Explanation Debit Credit

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