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A company sells the following individually: home security equipment for $120 and 12 months of...

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Accounting

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A company sells the following individually: home security equipment for $120 and 12 months of system monitoring service for $240. The company sells an equipment/monitoring bundle for a total price of $270. The monitoring service begins immediately after the equipment is delivered and installed. The equipment cost the company $85. Use the above information to answer the following 3 questions. Question 7 2 pts Part a. Allocate the performance obligations, showing the total revenue to be recorded for the equipment and monitoring, separately. Round to the whole dollar. Equipment = Monitoring - D Question 8 7 pts Part b. Record the journal entries for the sale of 1 bundle for $270 cash. 0 words Question 9 2 pts Part c. Record the journal entry for the completion of 1 month of the monitoring service. HTML Editora B I J AA E = = = x x = = 2 N VGKDT 12pt Paragrar

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