Custom Cupboard Co. (CCC) makes custom cabinetry for home kitchens. On July 1, 2020 CCC entered into a contract with a customer to build new custom cabinets for their kitchen. According to the contract, the price of the new cabinets is $15,000, plus an additional $3,000 for the installation. To secure the contract, the customer was required to put down a $1,000 deposit. The customer paid on the deposit on July 1 upon signing the contract. On August 1, CCC delivered the cabinets to the customer and collected the remaining $17,000 owed by the customer. CCC returned to complete the installation on August 7. The cabinets cost CCC $8,000 to manufacture and CCC uses a perpetual inventory system.

Instructions:

a) Prepare the journal entry on July 1, 2020 for CCC.

b) Prepare the journal entry on August 1, 2020 for CCC.

c) Prepare the journal entry on August 7, 2020 for CCC.