Question: 41 Sarjit Systems sold software to a customer for $92,000. As part of the contract, Sarjit promises to provide free technical support ove the next
41
Sarjit Systems sold software to a customer for $92,000. As part of the contract, Sarjit promises to provide "free" technical support ove the next six months. Sariit sells the same software without technical support for $80,000 and a stand-alone six-month technical support contract for $20,000, so these products would sell for $100,000 if sold separately. Prepare Sarjit's journal entry to record 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. Journal entry worksheet Record the sale of software for cash. Notei Einter debits thetore credits
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