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RACK NEXT Sandhill Windows manufactures and sells custom storm windows for three-season porches Sandals provides installation service for the windows. The installation process does not

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RACK NEXT Sandhill Windows manufactures and sells custom storm windows for three-season porches Sandals 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. Sandhill enters into the following contract on July 1, 2020, with a local homeowner. The customer purchases windows for a price of $2.490 and chooses Sandhill to do the installation. Sandhill charges the same price for the windows irrespective of whether it does the installation or not. The station services estimated to have a standalone selling price of $570. The customer pays Sand $2,000 (which is the standalone price of the windows, which have a cost of $1,110) upon delivery and the remaining balance upon installation of the windows. The windows are delivered on September 1, 2020, Sandill completes station on October 15, 2020, and the customer prys the balance due. Prepare the journal entries for Sandhillin 2020. (Credit accounts are automatically indented when the mounted Do moindent may trying select "No entry for the account titles and enter for the amounts. Round answer to decimal places. 125) Date Account Titles and Explanation Debit W 1, 2020 No Entry No Entry (To record contact entered into) Sep 1, 2020 Cash 2050 Accounts Receivable unem Sales Revenge Cost of Goods Sold 1110 Inwentary Totod so Service Revenue Date Account Titles and Explanation Debit Credit Jul. 1, 2020 No Entry No Entry (To record contract entered into) 1 Sep. 1, 2020 Cash 2080 Accounts Receivable unearn Sales Revenue (To record sales) Cost of Goods Sold 1110 1110 Inventory (To record cost of goods sold) Oct. 15, 2020 cash Unearned Sales Revenue Service Revenue Accounts Receivable Click if you would like to Show Work for this question: Open Show Work

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