Question
Sarjit Systems sold software to a customer for $225,000. As part of the contract, Sarjit promises to provide free technical support over the next six
Sarjit Systems sold software to a customer for $225,000. 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 $196,000 and a stand-alone six-month technical support contract for $84,000, so these products would sell for $280,000 if sold separately. |
Prepare Sarjits journal entry to record the sale of the software. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) I need a GENERAL JOURNAL entry with credit and credit |
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