1. 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. Container Corporation purchased computer equipment, installation and training for a total cost of $144,000 on March 15, 2018. Estimated standalone fair values of the equipment, installation, and training are $90,000, $60,000, and $30,000 respectively. The transaction price allocated to equipment, installation and training is $90,000, $60,000, $30,000 respectively $48,000, $48,000, $48,000 respectively $144,000 for the entire bundle $72,000, $48,000, $24,000 respectively
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- 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. Sunland Corporation purchased computer equipment, installation and training for a total cost of $181440 on March 15, 2021. Estimated standalone fair values of the equipment, installation, and training are $99000, $67200, and $35400 respectively. The transaction price allocated to equipment, installation and training is $60480, $60480, $60480 respectively. $181440 for the entire bundle. $89100, $60480, $31860 respectively. $99000, $67200, $35400 respectively.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. Container Corporation purchased computer equipment, installation and training for a total cost of $144,000 on March 15, 2018. Estimated standalone fair values of the equipment, installation, and training are $90,000, $60,000, and $30,000 respectively. The transaction price allocated to equipment, installation and training is. $90,000, $60,000, $30,000 respectively $48,000, $48,000, $48,000 respectively $144,000 for the entire bundle. $72,000, $48,000 and $24,000 respectively. Use information below for questions 4 and 5. BALANCE SHEETS 12/31/19 12/31/18 Cash $408,000…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 $149040 on March 15, 2021. Estimated standalone fair values of the equipment, installation, and training are $84000, $55200, and $26400 respectively. The transaction price allocated to equipment, installation and training is $149040 for the entire bundle. $84000, $55200, $26400 respectively. $75600, $49680, $23760 respectively. $49680, $49680, $49680 respectively.
- 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. Carla Vista Corporation purchased computer equipment, installation and training for a total cost of $129600 on March 15, 2021. Estimated standalone fair values of the equipment, installation, and training are $82500, $54000, and $25500 respectively. The transaction price allocated to equipment, installation and training isMeyer & 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. Container Corporation purchased computer equipment, installation and training for a total cost of $144,000 on March 15, 2021. Estimated standalone fair values of the equipment, installation and training are $90,000, $60,000 and $30,000 respectively. Write the journal entry to record the transaction on March 15, 2021.BoTeck is a full-service technology company. It provides equipment, installation services, and training services. Customers can purchase any product or service separately or as a bundled package. On May 3, Box-Rite Corporation purchased computer equipment, installation, and training for a total cost of $120,000. Estimated stand-alone fair values of the equipment, installation, and training are $75,000, $50,000, and $25,000 respectively. Calculate the transaction price allocated to the equipment, installation and training.
- Hill, Johns & Thomas 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. National Corporation purchased computer equipment, installation and training for a total cost of $136125 on March 15, 2018. Estimated standalone fair values of the equipment, installation and training are $73500, $67200 and $40800 respectively. The journal entry to record the transaction on March 15, 2018 will include a OA) credit to Sales Revenue for $136,125. B) debit to Unearned Service Revenue of $40,800. OC) credit to Unearned Service Revenue of $30,600. D) credit to Service Revenue of $67,200.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. Sunland Corporation purchased computer equipment, installation and training for a total cost of $ 135405 on March 15, 2021. Estimated standalone fair values of the equipment, installation and training are $ 88500, $ 44400 and $ 26400 respectively. The journal entry to record the transaction on March 15, 2021 will include a O credit to Sales Revenue for $ 135405. O credit to Unearned Service Revenue of $ 22440. O debit to Unearned Service Revenue of $ 26400. O credit to Service Revenue of $ 44400.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. Carla Vista Corporation purchased computer equipment, installation and training for a total cost of $171180 on March 15, 2021. Estimated standalone fair values of the equipment, installation and training are $88500, $67200 and $34500 respectively. The journal entry to record the transaction on March 15, 2021 will include a credit to Sales Revenue for $171180. debit to Unearned Service Revenue of $34500. credit to Service Revenue of $67200. credit to Unearned Service Revenue of $31050.
- BoTeck is a full-service technology company. It provides equipment, installation services, and training services. Customers can purchase any product or service separately or as a bundled package. On May 3, Box-Rite Corporation purchased computer equipment, installation, and training for a total cost of $120,000. Estimated stand-alone fair values of the equipment, installation, and training are $75,000, $50,000, and $25,000 respectively. The journal entry to record the sale and installation on May 3 will includeA company provide equipment, installation services as well as training to its customers. Customers can purchase any product or service separately or as a bundled package. A customer purchased equipment, installation and training for a total cost of $189,600 on January 1, 2021. Estimated standalone fair values of the equipment, installation, and training are $100,000, $80,000, and $20,000 respectively. The transaction price allocated to installation is $___________.Accounting Crane Company manufactures equipment. Crane's products range from simple automated machinery to complex systems containing numerous components. Unit selling prices range from $250,000 to $1,510,000, and are quoted inclusive of installation. The installation process does not involve changes to the features of the equipment to perform to specifications. Crane has the following arrangement with Winkerbean Inc. Winkerbean purchases equipment from Crane on May 2, 2020, for a price of $988,000 and contracts with Crane to install the equipment. Crane charges the same price for the equipment irrespective of whether it does the installation or not. Using market data, Crane determines that the installation service is estimated to have a fair value of $52,000. The cost of the equipment is $800,000. Winkerbean is obligated to pay Crane the $936,000 upon delivery of the equipment and the balance on the completion of the installation Crane delivers the equipment on June 1, 2020, and…