Question: Current Attempt in Progress On May 1, 2020, Pronghorn Inc. entered into a contract to deliver one of its specialty mowers to kickapoo Landscaping Co.

Current Attempt in Progress On May 1, 2020, Pronghorn Inc. entered into a contract to deliver one of its specialty mowers to kickapoo Landscaping Co. The contract requires Kickapoo to pay the contract price of $833 in advance on May 15, 2020. Kickapoo pays Pronghorn on May 15, 2020, and Pronghorn delivers the mower (with cost of $527) on May 31, 2020. (a) Prepare the journal entry on May 1, 2020, for Pronghorn(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 for the amounts.) Date Account Titles and Explanation Debit Credit May 1, 2020 (b) Prepare the journal entry on May 15, 2020, for Pronghorn (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 O for the amounts.) Date Account Titles and Explanation Debit Credit May 15, 2020 I (c) Prepare the journal entry on May 31, 2020, for Pronghorn. (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 for the amounts.) (c) Prepare the journal entry on May 31, 2020, for Pronghorn. (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 for the amounts.) Date Account Titles and Explanation Debit May 31, 2020 Credit (To record sales) (To record cost of goods sold) e Textbook and Media List of Accounts Attempts: unlimited Submit Answer Save for Later
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