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Home Improvement, Inc. sold windows ($8,000) and installation services ($4,000) to MetroU. MetroU paid Home Improvement $12,000 when the windows were delivered on April 1,

Home Improvement, Inc. sold windows ($8,000) and installation services ($4,000) to MetroU. MetroU paid Home Improvement $12,000 when the windows were delivered on April 1, 2020. The installation will occur in May. Record the economic event that occurred on April 1, 2020.

Assets
=
Liabilities
+
Stockholders’ Equity

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