Business, 20.02.2020 00:59 manuel6885

Meyer & Smith is a full-service technology company. They provide equipment, installation services as well as training. Customers can purchase any product or service separately or as a bundled package. Sandhill Corporation purchased computer equipment, installation and training for a total cost of $146640 on March 15, 2018. Estimated standalone fair values of the equipment, installation and training are $82500, $63600 and $37200 respectively. The journal entry to record the transaction on March 15, 2018 will include a. a credit to Unearned Service Revenue of $29760. b. credit to Service Revenue of $63600. c. debit to Unearned Service Revenue of $37200. d. credit to Sales Revenue for $146640.

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