2 3 Using the stand alone method, determine what portion of this transaction will be allocated to three components of the bundle: the home security system, the car security system, and the security service 4 subscription. S6789 CHEE 5 7 Car 8 Subscription 10 9 Total: 12 13 14 On June 1st, the Acolyte Protection Agency made a sale to a customer named Rebecca Lynch. Ms. Lynch purchased a bundled package which included a home security system and a car security system. At the time of purchase, the customer signed up for a one-year subscription to Acolyte's security service. The selling price of this bundle was $560 and was transferred at the time Acolyte Protection Agency installed the security systems in Ms. Lynch's home and car, respectively. The transaction price for the home security system was stated as $380 and the transaction price for the car security system was stated as $180. Under the terms of security service subscription, Ms. Lynch will pay $20 per month for her subscription which will be billed to her credit card on the last day of every month. When sold individually, the home security system sells for $540 and the car security system sells for $220. Part One Part Two 11 Record Acolyte's June 1st journal entry to recognize the revenues on the sale to Ms. Lynch. 15 16 Home 189822 20 23 24 25 Transaction Price Standalone Price Selling Price Ratio Part Three Record Acolyte's June 30th journal entry to recognize the receipt of Ms. Lynch's first $20 payment for her 17 subscription to the security service. Allocated Transaction Price