CALCULATOR E M Questions Sara Window s and stoom windows for the season porches Sarasota we provides installation service for the windows. The installation recess does not involve changes in the windows this service can be performed by other vendors Sarasota enter into the following contract on July 1, 2017, with a local homeowner. The customer purchases windows for price $2.510 and chooses S t ats de the Installation. Sarasota charges the same price for the windows respective of whether it does the installation or not. The n ation service is estimated to have and rice . The com pare Saa 190ch the sta g e the window have 1.100) onder and the balance in the windows. The windows are delivered on September 1. 2017. Sara com i ncio October 15, 2017, and the customers the balance de Prepare the journal entries for Sarasota in 2017. (Credit account titles are automatically indeed when the y account title and cater for the amounts ou v erte decimal 125.) Date Account and Explanation ML 2017 1. 2017 (To record cost of goods sold) Oct 15, 2017 CALCULATOR MESSAGE HY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK Sarasota Windows manufactures and sells custom storm windows for three-season porches Sarasota 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. Sarasota enters into the following contract on July 1, 2017, with a local homeowner. The customer purchases windows for a price of $2,510 and chooses Sarasota to do the installation. Sarasota charges the same price for the windows irrespective of whether it does the installation or not. The installation service estimated to have a standalone selling price of $620. The customer pays Sarasota $1,970 (which equals the standalone selling price of the windows, which have a cost of $1,100) upon delivery and the remaining balance upon installation of the windows. The windows are delivered on September 1, 2017, Sarasota completes installation on October 15, 2017, and the customer pays the balance due Prepare the journal entries for Sarasota in 2017. (Credit accountries 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 for the amounts. Round answer to decimal place, .g. 5,125.) Account Titles and Explanation Credit Date Jul 1, 2017 to record contractered into) Sep 1, 2017 (To records ) CUI LUI YUUS Sold) Oct. 15, 2017