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Create the necessary journal entries until december

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Snow Co. is a machine manufacturer. The company also gives maintenance services.

Snow Co. agreed to sell a machine and a 4-year maintenance service to its customer at 300.000 $ on 1 December 2018.

The machine and maintenance service can be sold separately.

The machine has a price of 255.000$ and 4-year service has a price of 85.000$.

Snow Co. installed the machine to the customer's factory on 1 January 2019 and collected all sales revenue on this date.

Question 1: Make the necessary journal entries until 31 December 2019.

Reference no: EM132580533

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