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1 The Appliance Store is an experienced home appliance dealer. Appliance Store also offers a number of services together with the home appliances that it

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The Appliance Store is an experienced home appliance dealer. Appliance Store also offers a number of services together with the home appliances that it sells. Assume that Appliance Store sells dishwashers on a standalone basis. Appliance Store also sells installation services and maintenance services for dishwashers. However, Appliance Store does not offer installation or maintenance services to customers who buy dishwashers from other vendors.Standalone selling prices for dishwashers, installation, and maintenance are as follows..

Dishwasher only$1,080Installation service120Maintenance services240Dishwasher with installation and maintenance services1,390

In each instance in which maintenance services are provided, the maintenance service is separately priced within the arrangement at $200. Additionally, the incremental amount charged by Appliance Store for installation approximates the amount charged by independent third parties. Dishwashers are sold subject to a general right of return. If a customer purchases a dishwasher 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 $1,080.

Indicate the amount of revenue that should be allocated to the dishwasher the installation, and to the maintenance contract.

Dishwasher$

Installation

Maintenance

Total$

SHOW LIST OF ACCOUNTS

Prepare the necessary journal entry for the Appliance Store.(Credit account titles are automatically indented when 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.)

Account Titles and Explanation

Debit

Credit

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