Sarjit Systems sold software to a customer for $80,000.
As part of the contract, Sarjit...
Business, 25.02.2020 21:17 WindelCaceus123
Sarjit Systems sold software to a customer for $80,000.
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 $70,000 and a stand-alone six-month technical support contract for $30,000, so these products would sell for $100,000 if sold separately.
Prepare Sarjit’s journal entry to record the sale of the software
Answers: 1
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