Question: 8. On October 10, 2025, Executor SpA entered into a contract with Belisle Inc. to transfer Executors specialty products (sales value of 10,000, cost of

8. On October 10, 2025, Executor SpA entered into a contract with Belisle Inc. to transfer Executor’s specialty products (sales value of

€10,000, cost of €6,500) on December 15, 2025. Belisle agrees to make a payment of €5,000 upon delivery and signs a promissory note to pay the remaining balance on January 15, 2026. What entries does Executor make in 2025 on this contract? Ignore time value of money considerations.

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