Requirement Which of journal entries would LEA Networks record at the time of the sale? Round the final number to the nearest integer.
Requirement Which of journal entries would LEA Networks record at the time of the sale? Round the final number to the nearest integer.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
(omzet means revenue)
![Engels
Suppose that LEA Networks sells a smartphone with a 2-year service contract for €160 at the end of the year. If sold
separately, the smartphone would sell for €200 and the service contract for €1O, The smartphone and service
contract cost LEA €50 and €90, respectively.
Requirement Which of journal entries would LEA Networks record at the time of the sale? Round the final number to
the nearest integer.
Account naam
Debit
Credit
€160
Cash
Omzet
€152
€8
Onverdiende inkomsten (Unrealized revenue)
Debit
Credit
Account naam
€160
Cash
€160
Omzet
€0
Onverdiende inkomsten (Unrealized revenue)
Debit
Credit
Account naam
€160
Cash
€200
Omzet
€10
Onverdiende inkomson (Unrealized revenue)
Debit
Credit
Account naam
€160
Cash
€152
Omzet
€8
Onverdiende inkomsten (Unrealized revenue)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F84fbad81-6272-408d-823d-ef62dfdda6c3%2F19fcc6d2-869d-47dc-9ad3-b975709e402c%2Fgi0382b_processed.png&w=3840&q=75)
Transcribed Image Text:Engels
Suppose that LEA Networks sells a smartphone with a 2-year service contract for €160 at the end of the year. If sold
separately, the smartphone would sell for €200 and the service contract for €1O, The smartphone and service
contract cost LEA €50 and €90, respectively.
Requirement Which of journal entries would LEA Networks record at the time of the sale? Round the final number to
the nearest integer.
Account naam
Debit
Credit
€160
Cash
Omzet
€152
€8
Onverdiende inkomsten (Unrealized revenue)
Debit
Credit
Account naam
€160
Cash
€160
Omzet
€0
Onverdiende inkomsten (Unrealized revenue)
Debit
Credit
Account naam
€160
Cash
€200
Omzet
€10
Onverdiende inkomson (Unrealized revenue)
Debit
Credit
Account naam
€160
Cash
€152
Omzet
€8
Onverdiende inkomsten (Unrealized revenue)
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