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Minarski Electronics sells computers and provides hardware maintenance services. On April 1st, Minarski sold a...

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Accounting

Minarski Electronics sells computers and provides hardware maintenance services. On April 1st, Minarski sold a package deal containing a computer and a one-year unlimited maintenance/repair service for the computer at a bundle price of $1,000. If sold separately, the computer costs $750 and the one-year unlimited maintenance/repair service costs $450.

Required: How much revenue does Minarski Electronics recognize for the month ended April 30th, assuming that revenue is accrued monthly? (round to nearest cent.)

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