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On Jan 1st, a truck delivers to a customer for $815,000. The customer pays in full at the time of delivery. The contract price includes
On Jan 1st, a truck delivers to a customer for $815,000. The customer pays in full at the time of delivery. The contract price includes a one day training session for the customer in March as well as customer support for 5 years after the sale. Ordinarily, the equipment would sell for $750,000, the training session for $40,000, and the support for $50,000. What is/are the journal entry/entries that would be recorded on Nov 30th?
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