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there are 4 total parts. PLEASE help! thank you Dell Communications Systems signed a contract to develop and install an integrated network for Ross Auto

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there are 4 total parts. PLEASE help! thank you
Dell Communications Systems signed a contract to develop and install an integrated network for Ross Auto Dealerships, Inc. in five phases. Each phase is considered a performance obligation. The transaction price, including installation, is $2,300,000. Each phase is fully functional at the point of delivery. The five phases of the total network products each have standalone values as follows. Click the icon to view the standalone values.) (Click the icon to view the additional information.) Read the requirements. Requirement a. Prepare the journal entry to record any revenue to be recognized during the current period. Show all supporting computations. Begin by preparing the entry to record the contract. (Record lebits first, then credits. Exclude explanations from any journal entries.) Account Beginning of Contract Cash Standalone Network Phase Sales Value Phase 1 610,000 Phase 2 780,000 Phase 3 580,000 Phase 4 390,000 Phase 5 690,000 Total $ 3,050,000 More Info More Info The contract price is collected in advance and Phases 1 and 2 are completed during the current year. Dell expects Phase 3 and 4 to be completed in the next 12 months and Phase 5 in the following year. Ignore implications of any financing component. C Print Done Clave $2.300.000. Each phase is fully functional at the point of delivery. The five phases of the total network produd S (Click the icon to view the additional information.) F Accounts Receivable Accounts Payable F Cash any revenue to be recognized during the current period. Show all Cost of Goods Sold E Record debits first, then credits. Exclude explanations from any journal Deferred Network Revenue Beginning of Contract Network Revenue

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