Analysis eeneral Journal Next Level Janas consulting enters into a oontract topreide management cosulting services over a one year period for s10,000 per month on January 1. AM the end of the oontract, Jonas win ether gve the austomer a s24,000 refund or be entitled to an adsional s24,000, dependng on the level cost savings. The company beleves there is an eow chance that it wil be enaled to an adationals24.000 ml a how chance it will vve a refund of s24,000 in adation, believes is protalle that signincant reversal of any previously recognaed revenue wil not ocour, The contract performance is de ermined to be satisfied over time, a Determine the monety transaction price that Jonas should use Nr recording the contract andprpave enty at the end month of the contract the most liely amount approach 2. Next Level What is the otjective of determining the transaction pror based on the amount of vanable consideranon? aMART OF ACCOUNT ASSETS 411 Sales Reverwun EXPENSES 500 Castel Goods sold 532 Bad Debt Expense Analysis eeneral Journal Next Level Janas consulting enters into a oontract topreide management cosulting services over a one year period for s10,000 per month on January 1. AM the end of the oontract, Jonas win ether gve the austomer a s24,000 refund or be entitled to an adsional s24,000, dependng on the level cost savings. The company beleves there is an eow chance that it wil be enaled to an adationals24.000 ml a how chance it will vve a refund of s24,000 in adation, believes is protalle that signincant reversal of any previously recognaed revenue wil not ocour, The contract performance is de ermined to be satisfied over time, a Determine the monety transaction price that Jonas should use Nr recording the contract andprpave enty at the end month of the contract the most liely amount approach 2. Next Level What is the otjective of determining the transaction pror based on the amount of vanable consideranon? aMART OF ACCOUNT ASSETS 411 Sales Reverwun EXPENSES 500 Castel Goods sold 532 Bad Debt Expense