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Blossom Windows manufactures and sells custom storm windows for three - season porches. Blossom also provides installation service for the windows. The installation process does
Blossom Windows manufactures and sells custom storm windows for threeseason porches. Blossom 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. Blossom enters into the following contract on July with a local homeowner. The customer purchases windows for a price of $ and chooses Blossom to do the installation. Blossom charges the same price for the windows irrespective of whether it does the installation or not. The customer pays Blossom $which equals the standalone selling price of the windows, which have a cost of $ upon delivery and the remaining balance upon installation of the windows. The windows are delivered on September Blossom completes installation on October and the customer pays the balance due.Steps for
Date
Account Iitles and Explanation
No Entry
No Entry
Cash
Accounts Receivable
Unearned Service Revenue
Sales Revenue
To record sales
Cost of Goods Sold
To record cost of goods sold
Unearned Service Revenue
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