Current Attempt in Progress On May $1,2025,$ King Inc. entered into a contract to deliver one of its specialty mowers to Crane Landscaping Co$.$ The contract requires Crane to pay the contract price of $$816$ in advance on May $15,2025.$ Crane pays King on May $15,2025,$ and King delivers the mower $($with cost of $$504)$ on May $31,2025.($b$)$ Your answer is incorrect. Prepare the journal entry on May $15,2025,$ for King. $($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. List debit entry before credit entry.$)$ Date Account Titles and Explanation Debit Credit May $15,2025$ No EntryOn May $1,2025,$ King Inc. entered into a contract to deliver one of its specialty mowers to Crane Landscaping Co$.$ The contract

requires Crane to pay the contract price of $$816$ in advance on May $15,2025.$ Crane pays King on May $15,2025,$ and King delivers the

mower $($with cost of $$504)$ on May $31,2025.$

$($a$)$

Prepare the journal entry on May $1,2025,$ for King. $($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. List debit entry before credit

entry.$)$

Date

Account Titles and Explanation

Debit

Credit

May $1,2025$