Answer:
$77,250
Explanation:
Given
Scales charges = $51,000
Software charges = $10,000
Calibration contract charges = $39,000
There are 5 months from August 1, 2021 till the end of the year.
And the calibration services would be done on August 1, 2021.
Expected Calibration charges = $39,000 * 5/12
Expected Calibration charges = $16,250
Total revenue to be recognised is then calculated as;
Scales Charges + Software Charges + Expected Calibration Charges.
Total Revenue = $51,000 + $10,000 + $16,250
Total Revenue = $77,250
Hence the total recognise revenue is $77,250