Minarski sells computers and provides hardware maintenance services. On April 1st. Minarski sold a comp one-year unlimited maintenance as a bundle for $1,000. If sold separately, the computer costs $840 and t year unlimited maintenance service costs $360. How much revenue does Minarski Electronics recognize in assuming that revenue is accrued monthly? Please type your answer without the dollar symbol $800 should be typed as 800 $700.925 should be typed as 700.9 (retains one digit) $1,200 should be typed as 1,200

Minarski sells computers and provides hardware maintenance services. On April 1st. Minarski sold a comp one-year unlimited maintenance as a bundle for $1,000. If sold separately, the computer costs $840 and t year unlimited maintenance service costs $360. How much revenue does Minarski Electronics recognize in assuming that revenue is accrued monthly? Please type your answer without the dollar symbol $800 should be typed as 800 $700.925 should be typed as 700.9 (retains one digit) $1,200 should be typed as 1,200

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Ma1. Adiat - Camila Electronics (ACE) sells computers and provides hardware maintenance services. On April 1st, ACE sold a package deal containing a computer and a one-year unlimited maintenance/repair service for the computer at a bundle price of $1,000. If sold separately, the computer costs $840 and the one-year unlimited maintenance/repair service costs $360. How much revenue does ACE recognize for the month ended April 30th, assuming that revenue is accrued monthly?
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Please read the questions carefully the First question is asking for journal entry.
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