Boyko Company received an order from Lister Inc. on May 15, 2017, valued at $3,800. Boyko shipped

Question:

Boyko Company received an order from Lister Inc. on May 15, 2017, valued at $3,800. Boyko shipped the goods to Lister on May 31, 2017, with terms f.o.b. shipping point, and credit terms 2/10, n/30. Assuming Boyko uses the gross method of recording sales, prepare the required journal entries for Boyko on May 15, 2017, and May 31, 2017 (if any).