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I wonder if i record the journal entry right? Shouldn't the service revenue(installation) suppose to be $49? on and/or maintenance services, in the event Appliance

image text in transcribedI wonder if i record the journal entry right? Shouldn't the service revenue(installation) suppose to be $49?
on and/or maintenance services, in the event Appliance center does not complete the inst e satisfactorily, the customer is only entitled to a refund of the portion of the fee that exceeds $800. Instructions (a) Assume that a customer purchases an oven with both installation and maintenance services for $1,000. Based on its experience, Appliance Center believes that it is probable that the installation of the equipment will be performed satisfactorily to the customer. Assume that the maintenance services are priced separately (ie., the three components are distinct). Identify the separate performance obligations related to the Appliance Center revenue arrangement. (b) Indicate the amount of revenue that should be allocated to the oven, the installation, and to the maintenance contract. oven (800 loos)x lo00 service reu (nnstallahon) 41025 Installation sso (50 lo2s)x looo lua unearned service rev (manieronce) RI maintenance $ns (175 lozs)x1000 Itl Sales revenue #3. Sales with Returns sets at a price ofsso each On March 10, 2017, Steele Company sold to Barr Hardware 200 tool (oort sin nor fet) with terms fn/60 fo h, shipping point. Steele allows Barr to return any o

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