Two individuals entered into a written contract for the sale of a moped for $475. The contract required delivery of the moped on July 1 and provided that oral modification of the contract was prohibited. On June 25, the seller called the buyer and asked if the seller could deliver the moped on July 2, explaining that the seller was overseas and could not return until July 2 due to work commitments that he could not change. The buyer agreed. On June 30 the buyer called the seller, informing him that he was disregarding the modification and demanding delivery of the moped on July 1. The seller delivered the moped on July 2, but the buyer refused to accept or pay for it. Has the buyer breached the contract

Prepare journal entries for each transaction and identify the financial statement impact of each entry. the financial statements are automatically generated based on the journal entries recorded. apr. 1 tanner invested $80,000 cash along with office equipment valued at $26,000 in the company in exchange for common stock. apr. 2 the company prepaid $9,000 cash for 12 months' rent for office space. the company's policy is record prepaid expenses in balance sheet accounts. apr. 3 the company made credit purchases for $8,000 in office equipment and $3,600 in office supplies. payment is due within 10 days. apr. 6 the company completed services for a client and immediately received $4,000 cash. apr. 9 the company completed a $6,000 project for a client, who must pay within 30 days. apr. 13 the company paid $11,600 cash to settle the account payable created on april 3.apr. 19 the company paid $2,400 cash for the premium on a 12-month insurance policy. the company's policy is record prepaid expenses in balance sheet accounts. apr. 22 the company received $4,400 cash as partial payment for the work completed on april 9.apr. 25 the company completed work for another client for $2,890 on credit. apr. 28 the company paid $5,500 cash in dividends. apr. 29 the company purchased $600 of additional office supplies on credit. apr. 30 the company paid $435 cash for this month's utility bill.