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Meyer & Smith is a full service technology company They provide equipment, and installation services as well as training Customers can purchase any product or
Meyer & Smith is a full service technology company They provide equipment, and installation services as well as training Customers can purchase any product or service separately or as a bundled package. Container Corporation purchased computer equipment, installation, and training for a total cost of $120,000 on March 15, 2000 Estimated standalone fair values of the equipment. installation and training are $75,000, $50,000, and $25,000 respectively 1. The transaction price allocated to equipment, installation and training is a $75,000, $50,000, $25,000 respectively b. $40,000, $40,000, $40,000 respectively c. $120,000 for the entire bundle d $60,000, $40,000 and $20,000 respectively 2. The journal entry to record the transaction on March 15, 2020, will include ja a credit to Sales Revenue for $120,000 b debit to Unearned Service Revenue of $25,000/ c credit to Unearned Service Revenue of $20.000 d credit to Service Revenue of $50.000 Moving to another question will save this response Question 1 of 20 BUT HADING
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