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(b) Prepare the journal entries for Skysong for this revenue arrangement on June 1, 2017, assuming Skysong receives payment when installation is completed. June 1,

(b) Prepare the journal entries for Skysong for this revenue arrangement on June 1, 2017, assuming Skysong receives payment when installation is completed.

June 1, 2017

Accounts Receivable.......................................

Unearned Service Revenue (Installation)...........................

Sales Revenue (Equipment)....................

Cost of Goods Sold..........................................

Inventory....................................................

Unearned Service Revenue.............................

Service Revenue.......................................

Cash....................................................................

Accounts Receivable...............................

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