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Shamrock Windows manufactures and sells custom storm windows for three-season porches. Shamrock also provides installation service for the Windows. The installation process does not involve

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Shamrock Windows manufactures and sells custom storm windows for three-season porches. Shamrock 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. Shamrock enters into the following contract on July 1, 2017, with a local homeowner. The customer purchases windows for a price of $2490 and chooses Shamrock to do the Installation. Shamrock charges the same price for the windows irrespective of whether it does the Installation or not. The installation service is estimated to have a standalone selling price of $570. The customer pays Shamrock $2,080 (which equals the standalone selling 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, 2017, Shamrock completes installation on October 15, 2017, and the customer pays the balance due. Prepare the journal entries for Shamrock in 2017. (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 for the amounts. Round answer to 0 decimal places, s. 5,125.) Debit Credit Date Jul. 1, 2017 Account Titles and Explanation No Entry No Entry (To record contract entered into) Sep. 1, 2017 (To record sales) (To record cost of goods sold) 017 Account Titles and Explanation Debit Date Jul 1, 2017 No Entry No Entry (To record contract entered into) Sep. 1, 2017 (To record sales) (To record cost of goods sold) Oct. 15, 2017 eTextbook and Media List of Accounts Attempts: 0 of 3 used Save for Later Submit Answer ADA

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