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Please show work. Correct answer is given. 6. On June 1st,2022 Raylan and Wynona were shopping for a refrigerator at Crowder's Discount Appliances. Crowder's was
Please show work. Correct answer is given.
6. On June 1st,2022 Raylan and Wynona were shopping for a refrigerator at Crowder's Discount Appliances. Crowder's was having a special, buy a refrigerator, today only, for $3,600 and receive free installation and a free one-year service contract. Dewey purchased the exact same refrigerator without installation or a service contract earlier in the day for $2,550 in cash. Crowder's charges $750 for installation only. Crowder's does not offer service contracts separately, however Harlan County Home Warranty sells service contracts on similar refrigerators for $450 per year. The refrigerator was delivered and installed on June 14th,2022. The Service Contract runs from June 15th,2022 to June 14th,2023. How much Revenue should Crowder's Discount Appliances recognize on June 14th,2022 ? $3,300 $3,168 $2,550 $2,448Step by Step Solution
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