In September 2014, Gaertner Corp. commits to selling 150 of its iPhonecompatible docking stations…


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In September 2014, Gaertner Corp. commits to selling 150 of its iPhonecompatible docking stations… 1 answer below ยป In September 2014, Gaertner Corp. commits to selling 150 of its iPhonecompatible docking stations to Better Buy Co. for $15,000 ($100 per product). The stations are delivered to Better Buy over the next 6 months. After 90 stations are delivered, the contract is modified and Gaertner promises to deliver an additional 45 products for an additional $4,275 ($95 per station). All sales are cash on delivery. (a) Prepare the journal entry for Gaertner for the sale of the first 90 stations. The cost of each station is $54. (b) Prepare the journal entry for the sale of 10 more stations after the Sep 02 2015 04:42 AM

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