<span>Making a credit card minimum payment means you are paying a small portion of your total credit card debt. The minimum payment on your credit card is ordinarily set at the more noteworthy of a rate of your adjust, or a money sum, for example, 3%. Added to this will be any enthusiasm due for the month, any charges caused due to a default in installment, and perhaps some portion of the yearly expense if there is one.</span>
This is true. :)
Hope this helps.
*ps, I take business, just pm me. :)*
you too!
I don't really like valentines day, I'm probably just gonna hang out with my friend and play Minecraft ;-;
Answer:
If the products are sold seperately they would sell for $100,000:
Software $70,000 = 70%
Technical Support $30,000 = 30%
Sarjit Systems sold the software for $80,000
Software 70% of 80,000 = $56,000
Technical Support 30% of 80,000 = $24,000
We will record technical support as deferred revenue since the customer pays for the support upfront before receiving the service.
The journal entry would be:
Account Title Debit Credit
Cash 80,000
Sales Revenue 56,000
Deferred Revenue 24,000
