On May $1,2020,$ Swifty 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 $\backslash (\backslash$$ $24,400\backslash )$ in advance on June $15,2020.$ Eric pays on June $15,2020,$ and Swifty delivers the product on September $30,2020.$ Prepare the journal entries required for Swifty 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.$)11$