Answer:
<u><em>October 4</em></u>
Inventory $350 (debit)
Cost of Sales $350 (credit)
<em>Being Recognition of Inventory and de-recognition of cost of sale</em>
Revenue $500 (debit)
Trade Receivable $500 (credit)
<em>Being de-recognition of Revenue and Trade Receivables.</em>
Explanation:
The Entries that Robertson Company should enter for the 2 dates are as follows :
<u><em>October 1</em></u>
Cost of Sales $4,000 (debit)
Inventory $ 4,000 (credit)
<em>Being Recognition of Cost of Goods Sold</em>
Trade Receivable $5,800 (debit)
Revenue $5,800 (debit)
<em>Being Recognition of Revenue</em>
<u><em>October 4</em></u>
Inventory $350 (debit)
Cost of Sales $350 (credit)
<em>Being Recognition of Inventory and de-recognition of cost of sale</em>
Revenue $500 (debit)
Trade Receivable $500 (credit)
<em>Being de-recognition of Revenue and Trade Receivables.</em>