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Provide the necessary journal entries on july and september

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Question - On July 12, 2023, FGH Company entered into a contract of sale with IJK Company. The contract is structured such that FGH Company must deliver the goods on September 30, 2023 and IJK Company must pay P 50,000 on October 31, 2023. The cost of the goods transferred is P 35,000.

Required - Provide the necessary journal entries on:

c. July 12, 2023

d. September 30, 2023

e. October 31, 2023

Reference no: EM133186627

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