Answer:
Dr Cash/ Accounts Receivables $249,050
Cr Revenue $249,050
Explanation:
The customer receives a discount for purchasing the bundle of goods because the sum of the stand-alone selling prices ($300,000) exceeds the promised consideration ($293,000). There is a discount of $7,0000
This would be split between the two performance obligations as follows
Technical support = $45,000/$300,000 X $7,000 = $1,050
Software = $255,000/$300,000 X $7,000 = $5,950
The software sale is $255,000 - $5,950 = $249,050
