Splish Windows manufactures and sells custom storm windows for three-season porches. Splish 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. Splish enters into the following contract on July 1, 2020, with a local homeowner. The customer purchases windows for a price of $2,300 and chooses Splish to do the installation. Splish charges the same price for the windows irrespective of whether it does the installation or not. The customer pays Splish $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, Splish completes installation on October 15, 2020, and the customer pays the balance due.

A) Splish estimates the standalone selling price of the installation based on an estimated cost of $400 plus a margin of 10% on cost. Prepare the journal entries for Splish 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 titles and enter 0 for the amounts. Round answer to 0 decimal places, e.g. 5,125.)

Date Account Titles and Explanation Debit Credit Jul. 1, 2020 No Entry 0 No Entry (To record contract entered into) Sep. 1, 2020 Cash 1930 Accounts Receivable 370 Unearned Service Revenue Sales Revenue (To record sales) Cost of Goods Sold 1150 Inventory (To record cost of goods sold) Oct. 15, 2020 Cash Unearned Service Revenue Accounts Receivable Service Revenue (To record payment received)