Performance Bike sells mountain bikes, sold with or without matinenance service for 5 years.

Performance Bike sells mountain bikes, sold with or without maintenance service for 5 years. The price of the bike with the maintenance service is $6,000. Sold separately, the maintenance contract is $500 and the bike is $5,750. The bikes cost the company $1,000, Use this information to answer the following 2 questions. Question 7 8 pts Part a. On January 1, one specialized bike with the maintenance service is sold for cash. Record the journal entries HTML Editor BIVAN I Exaaxx OBDT 11 12 Paragraph MacBook Air