Homework Answers
Sales revenue = Total amount received x Revenue without techincal support / Revenue with techincal support
=153000*133000/190000
= $107,100
Deferred Revenue = Total amount received x Techincal support cost/ Revenue with techincal support
=153000*57000/190000
= $45,900
| Transaction | General Journal | Debit | Credit |
| 1 | Cash | $153,000 | |
| Sales Revenue | $107,100 | ||
| Deferred Revenue | $45,900 | ||
| (To record the sale of software for cash) |
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