Blue Windows manufactures and sells custom storm windows for three-season porches. Blue 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. Blue enters into the following contract on July 1, 2020, with a local homeowner. The customer purchases windows for a price of $2,370 and chooses Blue to do the installation. Blue charges the same price for the windows irrespective of whether it does the installation or not. The customer pays Blue $2,050 (which equals the standalone selling price of the windows, which have a cost of $1,140) upon delivery and the remaining balance upon installation of the windows. The windows are delivered on September 1, 2020, Blue completes installation on October 15, 2020, and the customer pays the balance due.

Blue estimates the standalone selling price of the installation based on an estimated cost of $420 plus a margin of 30% on cost. Prepare the journal entries for Blue in 2020. (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 0 for the amounts. Round answer to 0 decimal places, e.g. 5,125.)

Date	Account Titles and Explanation	Debit	Credit
Oct. 15, 2020Sep. 1, 2020Jul. 1, 2020
	(To record contract entered into)
Jul. 1, 2020Sep. 1, 2020Oct. 15, 2020
	(To record sales)
	(To record cost of goods sold)
Sep. 1, 2020Jul. 1, 2020Oct. 15, 2020
	(To record payment received)

SHOW LIST OF ACCOUNTS

Given uncertainty of finding skilled labor, Blue is unable to develop a reliable estimate for the standalone selling price of the installation. Prepare the journal entries for Blue in 2020. (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 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
Sep. 1, 2020Oct. 15, 2020
	(To record sales)
	(To record cost of goods sold)
Sep. 1, 2020Oct. 15, 2020
	(To record payment received)