Pina Windows manufactures and sells custom storm windows for three-season porches. Pina 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. Pina enters into the following contract on July 1, 2020, with a local homeowner. The customer purchases windows for a price of $2,370 and chooses Pina to do the installation. Pina charges the same price for the windows irrespective of whether it does the installation or not. The customer pays Pina $1,920 (which equals the standalone selling price of the windows, which have a cost of $1,120) upon delivery and the remaining balance upon installation of the windows. The windows are delivered on September 1, 2020, Pina completes installation on October 15, 2020, and the customer pays the balance due.

(a)

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Pina estimates the standalone selling price of the installation based on an estimated cost of $420 plus a margin of 30% on cost. Prepare the journal entries for Pina 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 0 for the amounts. Round answer to 0 decimal places, e.g. 5,125.)

Date	Account Titles and Explanation	Debit	Credit
Jul. 1, 2020Oct. 15, 2020Sep. 1, 2020
	(To record contract entered into)
Jul. 1, 2020Sep. 1, 2020Oct. 15, 2020
	(To record sales)
	(To record cost of goods sold)
Jul. 1, 2020Oct. 15, 2020Sep. 1, 2020
	(To record payment received)