Wildhorse Company sells total outdoor grilling solutions, providing gas and charcoal grills, accessories, and installation...
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Accounting
Wildhorse Company sells total outdoor grilling solutions, providing gas and charcoal grills, accessories, and installation services for custom patio grilling stations. Respond to the requirements related to the following independent revenue arrangements for Wildhorse products and services. sis, the grill sells 15. (The selling of the grand customers paid Wildhorse offers contract GM205, which is comprised of a free-standing gas grill for small patio use plus installation to a customer's gas line for a total price $859. On a standalone basis, the grill sells for $744 (cost $459), and Wildhorse estimates that the standalone selling price of the installation service (based on cost-plus estimation) is $165. (The selling of the grill and the installation services should be considered two performance obligations.) Wildhorse signed 10 GM205 contracts on April 20, 2017, and customers paid the contract price in cash. The grills were delivered and installed on May 15, 2017. Prepare journal entries for Wildhorse for GM205 in April and May 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.) 2017. (Credit acco Date Account Titles and Explanation Debit Credit Apr. 20, 2017 Cash Unearned Service Revenue Installment Accounts Receivable May 15, 2017 Installment Accounts Receivable Unearned Service Revenue Sales Revenue (To record sales)

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