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Question 2 (12 marks) Win Win Windows manufactures and sells storm windows for enclosed porches. Win Win also provides installation service for the windows. However,

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Question 2 (12 marks) Win Win Windows manufactures and sells storm windows for enclosed porches. Win Win also provides installation service for the windows. However, the installation process does not involve any customization and can be provided by the vendors. On 1 June 2020, a customer ordered windows (which normally sell for $1,500 with a cost of $1,100) and chose Win Win Windows to do the installation (which normally sell for $500). Win Win Windows offered the customer a discounted price of $1,700 for the windows and the installation. The windows were delivered 1 August 2020 and the customer paid the full price of $1,700 in cash. Later on 1 October 2020 Win Win Windows completed the installation. Required: I a. Discuss whether Win Win Windows should consider the sale of windows and the provision of installation services as distinct or combined performance obligations. (2 marks) b. Allocate the total transaction price to the sales of windows and installation. (3 marks) c. Prepare all journal entries on 1 August 2020 and 1 October 2020. (7 marks)

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