4. On 06/19/202X, Integrative Solutions Consulting sold software to a customer for $250,000 with "free"...
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4. On 06/19/202X, Integrative Solutions Consulting sold software to a customer for $250,000 with "free" tech support for six months. Integrative Solutions sells the same software without technical support for $240,000 and a stand-alone six -month tech support contract for $60,000. Thus, when sold separately, the software and technical support contract for $60,000. Thus, when sold separately, the software and technical support sells for $300,000. Prepare Integrative Solutions journal entry to record the sale on June 19th (show your calculation for allocating the transaction price).
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