Compton Computers sold a computer (cost of $3,300) for $6,000 to a customer. The customer paid cash. The sales price included a one−year contract valued at $204. Compton satisfies the first month of the service contract.  What would be the journal entry to recognize one month of revenue from the service contract?

Answer rating: 100% (QA)

Explanation 204 service revenue was received in advance for 12 ... View the full answer