Quernel has installed at a customer's premises the first module of its security system and presents a contract asset of 18,000 for it, as the contract only allows it to invoice this module after installing the second one. On 20 May 20X1, the second module is installed: Quernel issues the invoice, payable within 30 days, and no condition other than the passage of time affects this amount any longer. Record the entry for the first module on 20 May 20X1.
- Contract asset for the first module
- 18,000