Answer:
Sales revenue of $2,500 is recorded by Complete Electronic Inc. Upon delivery of the computer and a service revenue of $24 is recorded each month for 24 months
Step-by-step explanation:
Upon the sale of a point-of-sale computer:
Selling price of the computer = $2,500 cash
Two years service contract of the computer worth $576
A cash selling price of $2500 is recorded upon delivery of the point-of-sale computer.
The service contract worth $576 is pread over 24 months(2 years) = $576 / 24 = $24.
$24 service revenue is recorded each month for 24 months.