apter Assignment Saved Required information (The following information applies to the questions displayed below.) Sky Communcations (SKY) usually sells a cell phone for $368 plus 12 months of cellular service for $552. SKY has a special, time-limited offer in which it gives the phone for free and sells the 12 months of cellular service for $360. Each phone costs SKY $180, which it accounts for in its perpetual inventory system. On July 1, SKY sels one of the special packages, delivers the phone, collects the $360 cash, and starts the cellular service. Required: 1. For the special offer, how much of the $360 relates to the sale of the cell phone versus the sale of the cellular service? Allocated Transaction Price Equipment Service au mssignment Justifying injustice-R Saved Hele packages, delivers the phone, collects the $360 cash, and starts the cellular service. What journal entries would SKY record on July 1 and July 31? (if no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 2 3 4 Record the receipt of cash. Note: Enter debits before credits General Journal Date July 01 Debit Credit Record entry Clear entry View general journal