Hi there, I got stuck on recording sales and installation revenue ! Can somebody help me out with that? Thx!

October 1, 2021

Cash (Dr) 31,600 Unearned Revenue (Dr) ? Service revenue (Cr) ? Sales revenue (Cr) ?

Your answer is partially correct. Coronado sells three grain/hay dryers to a local farmer at a total contract price of $39.500. In addition to the dryers, Coronado provides installation, which has a stand-alone sales value of $675 per unit installed. The contract payment also includes a $810 maintenance plan for the dryers for three years after installation. Coronado signs the contract on June 20, 2020, and receives a 20% down payment from the farmer. The dryers are delivered and installed on October 1, 2020, and full payment is made to Coronado Prepare the journal entries for Coronado in 2020 related to this arrangement as well as any adjusting journal entries at its December year end. (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 Ofor the amounts. Record journal entries in the order presented in the problem. Round answers to decimal places, eg. 5,275.) Date Account Titles and Explanation Debit Credit une 20, 2020 Cash 7,900 Unearned Revenue Question 4 of 4