Help Sav Required information PA6-4 (Algo) Recording Journal Entry after Allocating Transaction Price to Performance Obligations (LO 6-5) (The following information applies to the questions displayed below.) Hospital Equipment Company CHEC) acquired several MRI machines for its inventory at a cost of $3,900 per machine. HEC usually sells these machines to hospitals at a price of $6.300 HEC also separately sells 12 months of training and repair services for MRI machines for $2.700 HEC is paid $6.300 cash on November 30 for the sale of an IMRI machine delivered on December 1. HEC sold the machine at its regular price but included one year of free training and repair service PA6-4 (Algo) Part 1 Required: 1. For the machine sold at its regular price, but with one year of the training and repair service determine the dollar amount of revenus earned from the equipment sale versus the revenue earned from the training and repair service Allocated transaction Price quc Suveo Check my work 2. Prepare journal entries would HEC record on November 30 and December 12 (Assume HEC uses a perpetual inventory system for recording the cost of goods sold) (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction lit Journal entry worksheet View transaction list Journal entry worksheet O = i . ber 1? (Assume HEC uses a perpetual Inventory syste no entry is required for a transaction/event, select "No Journal Entry Required" in the int field.) View transaction list 32 Journal entry worksheet