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The Appliance Store offers a number of services together with the home appliances it sells that Appliance Store sells premium refrigerators on a standalone basis.

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The Appliance Store offers a number of services together with the home appliances it sells that Appliance Store sells premium refrigerators on a standalone basis. Appliance Store also sells installation services and maintenance services for premium refrigerators. However, Appliance Store does not offer installation or maintenance services to customer who buy premium refrigerators from other vendors. Pricing for premium refrigerators is as follows: bullet Premium refrigerators only $1, 900 bullet Premium refrigerators with installation service $2, 100 bullet Premium refrigerators with maintenance services $2, 300 bullet Premium refrigerators with installation and maintenance $2, 400 In each instance in which maintenance services are provided, the maintenance service is separately priced within the arrangement at $400. Additionally, the incremental amount charged by Appliance Store for installation approximates the amount charged by independent third parties. Premium refrigerators are sold subject to a general right of return. If a customer purchases a premium refrigerator with installation and/or maintenance services, in the event Appliance Store does not complete the service satisfactorily, the customer is only entitled to a refund of the portion of the fee that exceeds $1, 600. The cost of the premium refrigerators is $1, 100. The Appliance Store provides an assurance type warranty with an estimated cost of $50 with each sale. Required: Prepare all entries required for The Appliance Store for a 7/1 sale of a premium by refrigerator with both services for $2, 400 with installation taking place on 7/1. The cash paid by customer, $2, 500, includes $100 for an extended 2-year warranty

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