Crane 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 Crane products and services.

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$($a$)$

Crane offers contract GM$205,$ which is comprised of a free$-$standing gas grill for small patio use plus installation to a customer's gas line for a total price $$788.$ On a standalone basis, the grill sells for $$673($cost $$426),$ and Crane estimates that the standalone selling price of the installation service $($based on cost$-$plus estimation$)$ is $$161.($The selling of the grill and the installation services should be considered two performance obligations.$)$ Crane signed $10GM205$ contracts on April $20,2020,$ and customers paid the contract price in cash. The grills were delivered and installed on May $15,2020.$ Prepare journal entries for Crane for GM$205$ in April and May $2020.($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 answers to $0$ decimal places, e$\mathrm{.}8.5,275.)$

Date

Account Titles and Explanation

Debit

Credit

$($To record sales$)$

$($To record cost of goods sold$)$