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Sarjit Systems sold software to a customer for $95,000. As part of the contract, Sarjit promises to provide free technical support over the next six
Sarjit Systems sold software to a customer for $95,000. 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 $82,500 and a stand-alone six-month technical support contract for $27,500, so these products would sell for $110,000 if sold separately. Prepare Sarjit's 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.) View transaction list Journal entry worksheet Record the sale of the software. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal
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