Pharoah Inc. sells storage structures of various sizes to homeowners and businesses. Respond to the requirements related to the following independent revenue arrangements for Pharoah products and services. Pharoah offers building R400, mainly to homeowners. Pharoah will also install the building for the customer. The price for Pharoah to deliver and install an R400 is $6,200. On a standalone basis, the building sells for $6,000 (cost $3,500), and Pharoah estimates that the standalone selling price of the installation service (based on cost-plus estimation) is $500. (The selling of the building and the installation services are considered two performance obligations.) Pharoah signed 18 contracts to deliver and install R400s on April 5, 2017. Customers paid the contract price in cash. The buildings were delivered and installed during May 2017. Prepare journal entries for Pharoah for R400 in April and May 2017. (Round intermediate calculations to 6 decimal places, e.g. 1.246871 and final answers to O decimal places, eg. 5,125. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) AcCount Titles and Explanation Credit Debit Date Apr. 5, 2017 May, 2017 (To record sales) (To record cost of goods sold) In June 2017, a single commercial customer orders 60 M612 storage units, priced at $9,800 each (with a cost per unit of $6,800). Pharoah provides customers ordering more than 20 M612 units during a 12-month period a 4% volume discount on their entire order. On July 19, 2017, Pharoah delivered all 60 M612 units. Pharoah received payments for the units on August 5, 2017. Prepare the journal entries for Pharoah on July 19,2017 and August 5, 2017. Assume the company records sales transaction net. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit Date (To record sales) (To record cost of goods sold) eTextbook and Media List of Accounts On September 1, 2017, Pharoah sold one of its storage units designed to be safe for hazardous materials to a manufacturer. Pharoah accepted a 4-year, zero-interest-bearing note with face amount of $91,153. The storage unit has an inventory cost of $32,000. An interest rate of 8% is an appropriate market rate of interest for this customer. Prepare the journal entries on September 1, 2017, and December 31, 2017. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 0 decimal places e.g. 58,971. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit Date (To record sales (To record cost of goods sold) eTextbook and Media List of Accounts