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Brief Exercise 6-4 (Algo) Allocating the transaction price (L06-4] Sarjit Systems sold software to a customer for $153,000. As part of the contract, Sarjit promises
Brief Exercise 6-4 (Algo) Allocating the transaction price (L06-4] Sarjit Systems sold software to a customer for $153,000. As part of the contract, Sarjit promises to provide "free" technical support over the next six months. Sarjit sells the same software without technical support for $133,000 and a stand-alone six-month technical support contract for $57000. so these products would sell for $190.000 if sold separately Prepare Sarjit's journal entry to record the sale of the software. (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 Record the sale of the software. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal
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