Harold McWilliams owns and manages a general merchandise store in a rural area of Virginia. Harold sells appliances, clothing, auto parts, and farming equipment, among a wide variety of other types of merchandise. Because of normal seasonal and cyclical fluctuations in the local economy, he knows that his business will also have these fluctuations, and he is planning to use CVP analysis to help him understand how he can expect his profits to change with these fluctuations. Harold has the following information for his most recent year. Cost of goods sold represents the cost paid for the merchandise he sells, while operating costs represent rent, insurance, and salaries, which are entirely fixed.

$\backslash$table$[[$Sales$,$$$580,000$

Sarjit Systems sold software to a customer for $$225,000.$ 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 $$196,000$ and a stand$-$alone six$-$month technical

support contract for $$84,000,$ so these products would sell for $$280,000$ if sold separately.

Prepare Sarjit's journal entry to record the sale of the software.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.