Prepare the journal entry on February 5, 2025, for Crane when the wiring base is delivered...

 

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Prepare the journal entry on February 5, 2025, for Crane when the wiring base is delivered to the customer. (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. List all debit entries before credit entries.) Date Account Titles and Explanation Feb. 5, 2025 Installment Accounts Receivable Sales Revenue (To record sales) Feb. 5, 2025 Cost of Goods Sold Inventory (To record cost of goods sold) Debit 1040 620 Credit 1040 620 Prepare the journal entry on February 5, 2025, for Crane when the wiring base is delivered to the customer. (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. List all debit entries before credit entries.) Date Account Titles and Explanation Feb. 5, 2025 Installment Accounts Receivable Sales Revenue (To record sales) Feb. 5, 2025 Cost of Goods Sold Inventory (To record cost of goods sold) Debit 1040 620 Credit 1040 620