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Sarjit Systems sold software to a customer for $ 1 5 3 , 0 0 0 . As part of the contract, Sarjit promises to

Sarjit Systems sold software to a customer for $153,000. As part of the contract, Sarjit promises to provide "free" technical support over the next six months. Sarjit sells the same software without technical support for $133,000 and a stand-alone six-month technical support contract for $57,000, so these products would sell for $190,000 if sold separately.
Record Sarjit's journal entry for the sale of the software.
Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.
\table[[,No,Transaction,General Journal,Debit,Credit],[1,1,1,Cash,153,000,],[,,Deferred revenue,,],[,,Sales revenue,,]]
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