On October 1 2017 Ivanhoe Inc entered into a contract to sel

On October 1, 2017, Ivanhoe Inc. entered into a contract to sell a custom van to Smith Tours for $36,600. Under the contract Smith is to pay Ivanhoe $4,900 on October 10, 2017 and pay the remainder of the purchase price upon delivery (scheduled for October 31, 2017). Smith makes the $4,900 payment in a timely manner. Ivanhoe delivers the van (with cost of $27,100) on October 31, 2017.

Prepare Ivanhoe\'s journal entry on October 1, 2017

Account Titles and Explanation. Debt. credit
( 2 entries)

Prepare Ivanhoe journal entry on October 10, 2017

Account Titles and Explanation. Debit. credit
(2 entries)

I wasn\'t sure if you would be able to see the photo.

Journal entry:

Date	Accounts Titles	Debit $	Credit $
Oct 1 2017	Smith Tours	36600
	Assets - Custom Van		27100
	Income on sale of Van		9500
	(being sale of custom van to smith tours)

Oct 10 2017	Cash	4900
	Smith Tours		4900
	(being partial amount received on sale of van)

On October 1, 2017, Ivanhoe Inc. entered into a contract to sell a custom van to Smith Tours for $36,600. Under the contract Smith is to pay Ivanhoe $4,900 on

On October 1 2017 Ivanhoe Inc entered into a contract to sel

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