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Thank you for your help! I'll make sure to upvote your solution! Crane Windows manufactures and sells customstorm windows for three-season porches. Crane also provides
Thank you for your help! I'll make sure to upvote your solution!
Crane Windows manufactures and sells customstorm windows for three-season porches. Crane 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. Crane enters into the following contract on July 1, 2025, with a local homeowner. The customer purchases windows for a price of $2,300 and chooses Crane to do the installation. Crane charges the same price for the windows irrespective of whether it does the installation or not. The instaliation service is estimated to have a standalone selling price of $500. The customer pays Crane $2000 (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 1.2025. Crane completes installation on October 15, 2025, and the customer pays the balance due. Prepare the journal entries for Crane in 2025. ICredit account tities are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the occount titles and enter O for the amounts Round answer to 0 dedmal ploces, eg. 5.125. List all debit entries before credit entries Record journal entries in the onder presented in the problem. Do not round intermediate calrulatinnel Step by Step Solution
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