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Monty Windows manufactures and sells custom storm windows for three-season porches. Monty also provides installation service for the windows. The installation process does not involve changes in the windows, so this service can be performed by other vendors. Monty enters into the following contract on July 1, 2020, with a local homeowner. The customer purchases windows for a price of $ 2,290 and chooses Monty to do the installation Monty charges the same price for the windows irrespective of whether it does the installation or not. The installation service is estimated to have a standalone selling price of $ 590. The customer pays Monty $ 2,070 (which equals the standalone selling price of the windows, which have a cost of $ 1,110) upon delivery and the remaining balance upon installation of the windows. The windows are delivered on September 1, 2020, Monty completes installation on October 15, 2020, and the customer pays the balance due. A. Prepare the journal entries for Monty in 2020. Debit Credit Date Account Titles and Explanation 0 Jul 1, 2020 No Entry No Entry (To record contract entered into) 2070 Sep. 1, 2020 Cash 220 Accounts Recevable Sales Revenue Unetoned Service Revenue (To record sales) 1110 Cost of Goods Sold Unearned Service Revenue (To record sales) 1110 Cost of Goods Sold 111 Inventory (To record cost of goods sold) M 220 Oct. 15.2020 Cash Unearned Service Revenue Service Revenue Accounts Receivable