Current Attempt in Progress

Vaughn Windows manufactures and sells custom storm windows for three$-$season porches. Vaughn 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.

Vaughn enters into the following contract on July $1,2020,$ with a local homeowner. The customer purchases windows for a price of

$$2,480$ and chooses Vaughn to do the installation. Vaughn charges the same price for the windows irrespective of whether it does the

installation or not. The installation service is estimated to have a standalone selling price of $$630.$ The customer pays Vaughn $$2,010$

$($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 $1,2020,$ Vaughn completes installation on October $15,2020,$

and the customer pays the balance due.

Prepare the journal entries for Vaughn 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$.5,125.)$

$($To record contract entered into, sales, cogs on sept $1$ and oct $15)$