Part G: Revenue Recognition A. COB is a full-service technology company. They provide equipment, installation services as well as training. Customers can purchase any product or servi separately or as a bundled package. Albany Corporation purchased computer equipment, installation and training for a total cost of $144,000 on February 01. Estimated standalone fair values of the equipment, installation, and training are $90,000, $60,000, and $30,000 respectively. Prepare the journal entry to record this transaction on February 01. B. Albany Entertainment, Inc, manufactures and sells stereo systems that include an assurance-type warranty for the first 90 days. Albany also offers an optional extended coverage plan under which it will repair or replace any defective part for 2 years beyond the expiration of the assurance-type warranty. On March 01, a customer purchase a stereo with the extended warranty for $3,000. The standalone price of each is $2,300 and $900, respectively. The estimated cost of the assurance- warranty is $200. Prepare the journal entry to record this transaction on March 01