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on april 3rd 2022 hart ford inc signed a contract with olympics to purchase light...

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Accounting

on april 3rd 2022 hart ford inc signed a contract with olympics to purchase light fixtures and also to have olypic install the light fixtures in hartfords buildings. The total contract price for both light fixtures and installations was $85,000. The typical stand-alone prices for the light fixtures and installations are $81,000 and $9,000 respectively. (The cost of the light fixtures sold is $51,000). Olympic delivered the light fixtures to hartford on april 20 and installed the light fixtures on may 4th. HArtford made a $10,000 cash payment to olympic on april 3. The remaining cash balance was paid upon installation of the light fixtures. Prepare olympics journal enteries for the dates April 3, April 20 and May 4

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