Seadrill Engineering licenses software to oil-driting firms for 5 years. In additon to providing the software. the cornpany aiso provides consuitig services and support to ensure smooth operation of the soltware over the contract period. The total transaction price is $420.000. Based on standalone vaiues. the company estimates the consuling services and stpport have a value of $120.000 and the softuare license has a value of $300,000. As 1 uming the performance obligations are not interdependent, the journal entry to record the tranazetion includes: A a credit to Unesmed Servicu. Revenve of $120,000. 11. a credit to Service Revenue of $120,000. ic a cresit to $3=3 Revenco foe $300,000 and a credit to Unearned Service Revenue of $120,000 D a credit to Samos Revenue of 3420000 :