On May $1,2020,$ Marigold Company enters into a contract to transfer a product to Eric Company on September $30,2020.$ It is agreed

that Eric will pay the full price of $$26,190$ in advance on June $15,2020.$ Eric pays on June $15,2020,$ and Marigold delivers the product

on September $30,2020.$ Prepare the journal entries required for Marigold in $2020.($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.$)$

Date

Account Titles and Explanation

Debit

Credit

eTextbook and Media

List of Accounts