question 4

Tamarisk Windows manufactures and sells custom storm windows for three-season porches. Tamarisk also provides can be performed by other vendors. Tamarisk enters into the following contract on 1,2020 , with a local homeowner. The customer purchases windows for a price of $2,300 and chooses Tamarisk to do the installation. Tamarisk charges the same price for the windows irrespective of whether it does installation service is estimated to have a standalone selling price of $570. The customer pay $1,930 (which equals the standalone selling price of the windows, which have a cost of $1,150 ) upon delivery and the remaining balance upon installation of the windows. The windows are delivered on September 1,2020 , Tamarisk completes installation October 15, 2020, and the customer pays the balance due. Prepare the journal entries for Tamarisk 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