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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 not involve

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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 not involve changes in the windows, so this service can be performed by other vendors. Blossom enters into the following contract on July 1, 2017, with a local homeowner. The customer purchases windows for a price of $2,400 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 $2,080 (which equals the standalone selling price of the windows, which have a cost of $1,050) upon delivery and the remaining balance upon installation of the windows. The windows are delivered on September 1, 2017, Blossom completes installation on October 15, 2017, and the customer pays the balance due. Blossom estimates the standalone selling price of the installation based on an estimated cost of $450 plus a margin of 30% on cost. weptember 2017 DIOSSO compieces como LTCODE LOITTOLITECOstomer pays UTC Botanice uues Blossom estimates the standalone selling price of the installation based on an estimated cost of $450 plus a margin of 30 Prepare the journal entries for Blossom in 2017. (Credit account titles are automatically indented when the amou entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 amounts. Round answer to 0 decimal places, e.g. 5.125.) Date Account Titles and Explanation Debit Credit Jul. 1, 2017 No Entry No Entry (To record contract entered into) Sep. 1, 2017 Cash Accounts Receivable Unearned Service Revenue Sales Revenue (To record sales) Cost of Goods Sold Inventory (To record cost of goods sold) Oct 15, 2017 Cash Unearned Service Revenue Service Ravenue Accounts Receivable To record payment received) SHOW LIST OF ACCOUNT LINK TO TEXT LINK TO YERI Giver uncertainty of finding akalabon Bleurom unable to develop a reliable estimate for the standalone deling price of the Intation Given uncertainty of finding skilled labor, Blossom is unable to develop a reliable estimate for the standalone selling price of the installation Prepare the journal entries for Blossom in 2017. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Sep. 1, 2017 (To record sales) (To record cost of goods sold) Oct. 13, 2017

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