Question: Please help me find the correct amounts as shown highlighted below! Please show all work and calculations! Thanks Question 4 Cheyenne Windows manufactures and sells

Please help me find the correct amounts as shown highlighted below! Please show all work and calculations! Thanks

Please help me find the correct amounts as shown highlighted below! Please

Question 4 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 $2,370 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 $1,920 (which equals the standalone selling price of the windows, which have a cost of $1,120) 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. Try again Cheyenne estimates the standalone selling price of the installation based on an estimated cost of $420 plus a margin of 30% 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 0 for the amounts. Round answer to 0 decimal places, e.g. 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 1920 Accounts Receivable 450 Unearned Service Revenue 546 Sales Revenue 1824 To record sales) Cost of Goods Sold 1120 Inventory 1120 To record cost of goods sold) Oct. 15, 2017 Cash 450 Unearned Service Revenue 46 Service Revenue 546 Accounts Receivable 450

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