Cullumber Appliance Co$.$ manufactures low$-$price, no$-$frills appliances that are in great demand for rental units. Pricing and cost

information on Cullumber's main products are as follows.

Customers can contract to purchase either individually at the stated prices or a three$-$item bundle with a price of $$1,830.$ The bundle

price includes delivery and installation. Cullumber also provides installation $($not a separate performance obligation$).$

Respond to the requirements related to the following independent revenue arrangements for Cullumber Appliance Co$.$

Windsor Property Managers operates upscale student apartment buildings. On May $1,2025,$ Cullumber signs a contract with

Windsor for $320$ appliance bundles to be delivered and installed in one of its new buildings. Windsor pays $20\%$ cash at contract

signing and will pay the balance upon installation no later than August $1,2025.$ Prepare journal entries for Cullumber on $(1)$ May

$1,2025,$ and $(2)$ August $1,2025,$ when all appliances are installed. $($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. List all debit

entries before credit entries. Record journal entries in the order presented in the problem.$)$

Sate Account Titles and Explanation

Debit

Credit

$1,2025$

Cash

Unearned Sales Revenue

Unearned Sales Revenue

Cash

$468480$

Sales Revenue

$585600$

$($To record sales$)$

$1,2025$

Cost of Goods Sold

$297600$

Inventory

$297600$

Refer to the arrangement in part $($b$).$ It would help Windsor secure lease agreements with students if the installation of the

appliance bundles can be completed by July $1,2025.$ Windsor offers a $10\%$ bonus payment if Cullumber can complete installation

by July $1,2025.$ Cullumber estimates its chances of meeting the bonus deadline to be $90\%,$ based on a number of prior contracts

of similar scale. Repeat the requirement for part $($b$),$ given this bonus provision. Assume installation is completed by July $1,2025.$

$($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. List all debit entries before credit entries. Record journal entries in the order

presented in the problem.$)$

Date