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Question / 0.95/1 Cheyenne Windows manufactures and sells custom storm windows for three-season porches. Cheyenne 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. Cheyenne enters into the following contract on July 1, 2017, with a local homeowner. The customer purchases windows for a price of $ 2,490 and chooses Cheyenne to do the installation. Cheyenne charges the same price for the windows irrespective of whether it does the installation or not. The customer pays Cheyenne $ 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, Cheyenne completes installation on October 15,2017, and the customer pays the balance due. Your answer is partially correct. Cheyenne 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 Cheyenne 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 O for the amounts. Round answer to 0 decimal places, eg. 5,125) Date Account Titles and Explanation Debit Credit Jul. 1, 2017 No Entry No Entry To record contract entered into) Sep. 1,2017 Cash 2,080 Accounts Receivable 410 Unearned Service Reve 402 Sales Revenue 2,088 To record sales) Cost of Goods Sold 1,110 Inventory 1,110 To record cost of goods sold) Oct. 15,2017 Cash 410 Unearned Service Reven Service Revenue 402 Accounts Receivable 410 (To record payment received)

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