Meyer & Smith is a full-service technology company. They provide equipment, installation services as well as training. Customers can purchase any product or service separately or as a bundled package. Carla Vista Corporation purchased computer equipment, installation and training for a total cost of $171180 on March 15, 2021. Estimated standalone fair values of the equipment, installation and training are $88500, $67200 and $34500 respectively. The journal entry to record the transaction on March 15, 2021 will include a credit to Sales Revenue for $171180. debit to Unearned Service Revenue of $34500. credit to Service Revenue of $67200. credit to Unearned Service Revenue of $31050.

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