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Prepare the journal entry for the sale

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Question - In September 2020, Coronado Corp. commits to selling 147 of its iPhone-compatible docking stations to Better Buy Co. for $14,700 ($100 per product). The stations are delivered to Better Buy over the next 6 months. After 94 stations are delivered, the contract is modified and Coronado promises to deliver an additional 43 products for an additional $4,085 ($95 per station). All sales are cash on delivery. Prepare the journal entry for the sale of 10 more stations, assuming that the pricing for the additional products does not reflect the standalone selling price of the additional products and the prospective method is used.

Reference no: EM133126195

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