pany offers its options available in 2023 are: two types of services for after-sale of their office printers. The two service 1) One-time cleaning and servicing of a printer at a cost of $400. Customers can get a 20% discount from this price if they pay before the company's fiscal year end for maintenance services to be performed in the following year. 2) A four-year maintenance plan at a cost of $700. The first year's maintenance service will be delivered before the company's fiscal year end. No discount for early payment is offered for this plan. Ease Print Company has a year end of December 31. In its fiscal year 2023, the company had cash sales of 100 one- time plans for the current year, 120 discounted one-time plans for the following year, and 200 three-year maintenance plans. What would the journal entry include for recording all service revenue on December 31, 2023? Select one: a. Debit Cash $218,400 b. Credit Service Revenue $218,400 c. Debit Unearned Revenue $143,400 d. Credit Unearned Revenue $75.000

pany offers its options available in 2023 are: two types of services for after-sale of their office printers. The two service 1) One-time cleaning and servicing of a printer at a cost of $400. Customers can get a 20% discount from this price if they pay before the company's fiscal year end for maintenance services to be performed in the following year. 2) A four-year maintenance plan at a cost of $700. The first year's maintenance service will be delivered before the company's fiscal year end. No discount for early payment is offered for this plan. Ease Print Company has a year end of December 31. In its fiscal year 2023, the company had cash sales of 100 one- time plans for the current year, 120 discounted one-time plans for the following year, and 200 three-year maintenance plans. What would the journal entry include for recording all service revenue on December 31, 2023? Select one: a. Debit Cash $218,400 b. Credit Service Revenue $218,400 c. Debit Unearned Revenue $143,400 d. Credit Unearned Revenue $75.000

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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Please do not rely too much on chatgpt, because its answer may be wrong. Please consider it carefully and give your own answer. You can borrow ideas from gpt, but please do not believe its answer.Very very grateful!Please do not rely too much on chatgpt, because its answer may be wrong. Please consider it carefully and give your own answer. You can borrow ideas from gpt, but please do not believe its answer.Very very grateful!
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