Required: 1. For the machine sold at its regular price, but with one year of "free" training and repair service, determine the dollar amount of revenue earned from the equipment sale versus the revenue earned from the training and repair services. Allocated Transaction Price Equipment Service PA6-4 Recording Journal Entry after Allocating Transaction Price to Performance Obligations [LO 6-5] [The following information applies to the questions displayed below.] Hospital Equipment Company (HEC) acquired several fMRI machines for its inventory at a cost of $2,400 per machine. HEC usually sells these machines to hospitals at a price of $5,250. HEC also separately sells 12 months of training and repair services for fMRI machines for $2,250. HEC is paid $5,250 cash on November 30 for the sale of an fMRI machine delivered on December 1. HEC sold the machine at its regular price, but included one year of free training and repair service. Journal entry worksheet 1 2 3 Record the receipt of cash. Note: Enter debits before credits. General Journal Debit Credit Date November 30 Journal entry worksheet