Concord Company sells total outdoor grilling solutions, providing gas and charcoal grills, accessories, and installation services for custom patio grilling stations. Respond to the requirements related to the following independent revenue arrangements for Concord products and services.

Concord offers contract GM205, which is comprised of a free-standing gas grill for small patio use plus installation to a customers gas line for a total price $729. On a standalone basis, the grill sells for $637 (cost $450), and Concord estimates that the standalone selling price of the installation service (based on cost-plus estimation) is $145. (The selling of the grill and the installation services should be considered two performance obligations.) Concord signed 10 GM205 contracts on April 20, 2017, and customers paid the contract price in cash. The grills were delivered and installed on May 15, 2017. Prepare journal entries for Concord for GM205 in April and May 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 0 for the amounts.)

The State of Kentucky is planning major renovations in its parks during 2017 and enters into a contract with Concord to purchase 410 durable, easy maintenance, standard charcoal grills during 2017. The grills are priced at $210 each (with a cost of $170 each), and Concord provides a 6% volume discount if Kentucky purchases at least 320 grills during 2017. On April 17, 2017, Concord delivered and received payment for 300 grills. Based on prior experience with the State of Kentucky renovation projects, the delivery of this many grills makes it certain that Kentucky will meet the discount threshold. Prepare the journal entries for Concord for grills sold on April 17, 2017. Assume the company records sales transaction net. (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.)

Concord sells its specialty combination gas/wood-fired grills to local restaurants. Each grill is sold for $1,010 (cost $511) on credit with terms 2/30, net/90. Prepare the journal entries for the sale of 20 grills on September 1, 2017, and upon payment, assuming the customer paid on (1) September 25, 2017, and (2) October 15, 2017. Assume the company records sales net. (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.)

On October 1, 2017, Concord sold one of its super deluxe combination gas/charcoal grills to a local builder. The builder plans to install it in one of its Parade of Homes houses. Concord accepted a 3-year, zero-interest-bearing note with face amount of $4,898. The grill has an inventory cost of $2,550. An interest rate of 10% is an appropriate market rate of interest for this customer. Prepare the journal entries on October 1, 2017, and December 31, 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 0 for the amounts. Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 0 decimal places e.g. 58,971.)

Date Account Titles and Explanation Debit Credit Apr. 20, 2017 Cash Unearned Sales Revenue Installment Sales Revenue May 15, 2017 Unearned Sales Revenue Unearned Service Revenue Installment Sales Revenue (To record sales) Cost of Goods Sold Inventory (To record cost of goods sold)