Traditional Company is a manufacturer of furniture. On June 16, 20X4, Traditional Company received an order from Contemporary Mart for 15 living room sets at $1,500 per set. The furniture was delivered by Traditional to Contemporary Mart on June 30, 20X4, at which time Traditional billed Contemporary Mart under the terms 2/30, n/60. Contemporary Mart paid Traditional on July 25. Assume Traditional uses a periodic inventory system.
Prepare the appropriate journal entries for the Traditional Company as of the following dates:
a. June 16
b. June 30
c. July 25