Shamrock Ranch & Bridgeport is a distributor of ranch and farm equipment. Its products range from small tools, power equipment for trench-digging and fencing, grain dryers, and barn winches. Most products are sold direct via its company catalog and Internet site. However, given some of its specialty products, select farm implement stores carry Shamrock's products Pricing and cost information on three of Shamrock's most popular products are as follows. Standalone Selling Price (Cost) Item 3,600 $2,100) Mini-trencher Power fence hole auger 1,100(8001) Grain/hay dryer 14,200 (11,200) Respond to the requirements related to the following independent revenue arrangements for Shamrock Ranch & Bridgeport. Shamrock sells three grain/hay dryers to a local farmer at a total contract price of $46,000. In addition to the dryers, Shamrock provides installation, which has a standalone selling price of $1,100 per unit installed. The contract payment also includes a $1,100 maintenance plan for the dryers for 3 years after installation. Shamrock signs the contract on June 20, 2017, and receives a 20% down payment from the farmher. The dryers are delivered and installed on October 1, 2017, and full payment is made to Shamrock. Prepare the journal entries for Shamrock in 2017 related to this arrangement. (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 O for the amounts.) Account Titles and Explanation Debit Date Credit Jun. 20, 2017 Accounts Receivable 36800 9200 Cash Unearned Service Revenue Maintenance 1076 3230 Unearned Service Revenue Installation 41694 Unearned Sales Revenue Oct. 1, 2017 -Cash 36800 Accounts Receivable 36800 To record payment received) Unearned Sales Revenue 41694 3230 Unearned Service Revenue Installation Sales Revenue 41694 3230 Service Revenue (To record sales) 33600 Cost of Goods Sold Inventory 33600 To record cost of goods sold) c. 31, 2017 Unearned Service Revenue - Maintenance 92 92 Service Revenue