On May $1,2023,$ Riverbed Inc. entered into a contract to deliver one of its specialty mowers to Grouper Landscaping Co$.$ The contract requires Grouper to pay the contract price of $\backslash (\backslash$$ $3,600\backslash )$ in advance on May $15,2023.$ Grouper pays Riverbed on May $15,2023,$ and Riverbed delivers the mower $($with a cost of $\backslash (\backslash$$ $2,350\backslash ))$ on May $31,2023.$ Riverbed has a perpetual inventory system.

Prepare the journal entry on May $1,2023,$ for Riverbed. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. List debit entry before credit entry. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Account Titles and Explanation

eTextbook and Media

List of Accounts

Prepare the journal entry on May $15,2023,$ for Riverbed. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. List debit entry before credit entry. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Account Titles and Explanation

Debit

Credit

eTextbook and Media

List of Accounts

Prepare the journal entry on May $31,2023,$ for Riverbed. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Account Titles and Explanation

$($To record sales revenue$)$