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On May 1.2025, Sunland Company enters into a contract to transfer a product to Charlie...

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Accounting

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On May 1.2025, Sunland Company enters into a contract to transfer a product to Charlie Company on September 30,2025, it is agreed that Charlie will pay the full price of $26,420 in advance on June 15,2025. Charlie pays on lune 15, 2025, and Suniand idalivers the product on September 30, 2025. Prepare the journal entries required for Sunland in 2025. ICredit occount tilles are outomatically indented when the amount is entered, Do not indent monually. Mn entry bs required, select "No entry" for the occount titles and enter O for the amounts. List all debit entries before credit entries. Record joumal entries in the onder presented in the problem.)

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