Elite Autos provides a custom sales package to customers. Elitehas sold a custom package including anautomobile and

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Elite Autos provides a custom sales package to customers. Elitehas sold a custom package including anautomobile and service maintenance toMarble enterprises. Elite received $42,000 in total for the custom package. The automobile sells for $39,500 and the maintenance package covers 3 years and sells for $4,800 if sold individually.

The cost of the automobile to Elite was $28,500.

Instructions

a) Calculate the sale price that should be allocated to each component of the bundle.

Prepare the journal entry to record the transaction.

Posted Date: Jun 21, 2024 04:02 AM

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Elite Autos provides a custom sales package to customers. Elitehas sold a custom package including anautomobile and

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