Question: Revenue Recegnition Serial Chapter 5 Assignment https:/ewco s Assignment Brief Exercise 5-4 Allocating the transaction price [LO5-4] Sarjit Systems sold software to a customer for

Revenue Recegnition Serial Chapter 5 Assignment https:/ewco s Assignment Brief Exercise 5-4 Allocating the transaction price [LO5-4] Sarjit Systems sold software to a customer for $217,000. As part of the contract, Sarjit promises to provide "free" technical support over the next six months. Sarit sells the same software without technical support for $189,000 and a stand-alone six-month technical support contract for $81,000, so these products would sell for $270,000 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) iew transaction lst Journal entry worksheet Record the sale of the software. Note: Enber debits before credits e here to search DOLL

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