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CHAPTER 6 Revenue Recognition 319 SE 6-4 Allocating the transaction price L06-4 Sarjit Systems sold software to a customer for $80,000. As part of the
CHAPTER 6 Revenue Recognition 319 SE 6-4 Allocating the transaction price L06-4 Sarjit Systems sold software to a customer for $80,000. 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 $70,000 and a stand-alone six-month technical support contract for $30.000. so these products would sell for $100,000 if sold separately. Prepare Sarjit's journal entry to record the sale of the software
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