Business, 14.05.2021 01:40, baileymtamayo

Sarjit Systems sold software to a customer for $166,000. 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 $144,000 and a stand-alone six-month technical support contract for $36,000, so these products would sell for $180,000 if sold separately. Prepare Sarjit’s journal entry to record the sale of the software.

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Sarjit Systems sold software to a customer for $166,000. As part of the contract, Sarjit promises to...