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Ivanhoe Windows manufactures and sells custom storm windows for three-season porches, Ivanhoe also provides installation service for the windows. The installation process does not involve

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Ivanhoe Windows manufactures and sells custom storm windows for three-season porches, Ivanhoe 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. Ivanhoe enters into the following contract on July 1,2025, with a local homeowner. The customer purchases windows for a price of $2,370 and chooses Ivanhoe to do the installation. Ivanhoe 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 $532. The customer pays Ivanhoe $2,128 (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, 2025, Ivanhoe completes installation on October 15, 2025, and the customer pays the balance due. Prepare the journal entries for Ivanhoe in 2025. (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 occount titles and enter 0 for the amounts. Round answer to 0 decimal ploces, eg. 5,125. Ust all debit entries before credit entrles, Recond journal entries in the order presented in the problem. Do not round intermedlate calculations.) Question 3 oi 5 July 1,2025 Accounts Receivable Unearned Sales Reverue Sep. 1.2025 Sales Revenue 2370 Accounts Receivable: Unearned Sales Reventie Sales Discounts (To record sales) sen1,2025 Cost of Goods Sold 1140 Irwentory (To record cost of goods sold) Oct 15,2025 Cash 2370 Sales Discounts 532 Accounts Recelvable eTextbook and Media

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