Oriole Windows manufactures and sells custom storm windows for three-season porches. Oriole 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. Oriole enters into the following contract on July 1, 2020. with a local homeowner. The customer purchases windows for a price of $2.280 and chooses Oriole to do the installation. Oriole charges the same price for the windows irrespective of whether it does the installation or not. The customer pays Oriole $1,980 (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, 2020. Oriole completes installation on October 15, 2020, and the customer pays the balance due. - Your answer is partially correct. Oriole estimates the standalone selling price of the installation based on an estimated cost of $400 plus a margin of 10% on cost. Prepare the journal entries for Oriole in 2020. (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 for the amounts. Round answer to 0 decimal places, e.g. 5,125.) Debit Credit Date Jul. 1. 2020 Account Titles and Explanation No Entry No Entry (To record contract entered into) Cash Sep. 1. 2020 1980 Accounts Receivable 300 Unearned Service Revenue Sales Revenue (To record sales) Cost of Goods Sold 1140 1140 Inventory (To record cost of goods sold) Cash Oct. 15, 2020 V Unearned Service Revenue Service Revenue 300 Accounts Receivable (To record payment received)