installations manufactures and sells custom folding doors for enclosed porches. Green also provides service can bervice for the doors. The installation process does not involve changes in the doors, so this Green enters into the following contract on May 1, 2023, with a local homeowner. The customer purchases a door for a price of $7,500 and chooses Green to do the installation. Green charges the same price for the doors irrespective of whether it does the installation or not. The price of the installation service is estimated to have a fair value of $1,000. The customer pays Green $5,000 upon delivery of the door (which equals the fair value of the door; the cost of the door is $3,500 ). The remaining balance of $2,500 is paid upon completion of the installation of the doors. The door is delivered on July 1, 2023. Green completes installation on August 15, 2023. d) Prepare the journal entries for July 1 and August 15