6 and Saved Help Save & Exit S Creative Computing sells a tablet computer called the Protab. The $785 sales price of a Protab Package includes the following: . One Protab computer. . A 6-month limited warranty. This warranty guarantees that Creative will cover any costs that arise due to repairs or replacements associated with defective products for up to six months. . A coupon to purchase a Creative Probook e-book reader for $425, a price that represents a 50% discount from the regular Probo price of $850. It is expected that 20% of the discount coupons will be utilized. . A coupon to purchase a one-year extended warranty for $55. Customers can buy the extended warranty for $80 at other times if they do not use the $55 coupon. Creative estimates that 45% of customers will purchase an extended warranty. . Creative does not sell the Protab without the limited warranty, option to purchase a Probook, and the option to extended warranty, but estimates that if it did a Protab alone would sell for $765. purchase an Required: 1. & 2. Indicate below whether each item is a separate performance obligation and allocate the transaction price of 100,000 Protab Packages to the separate performance obligations in the contract 3. Prepare a journal entry to record sales of 100,000 Protab Packages (ignore any sales of extended warranties). Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Indicate below whether each item is a separate performance obligation and allocate the transaction price of 100,000 Protab Packages to the separate performance obligations in the contract Performance Obligation? Percentage of Total Stand Alone Price Stand Alone Price Item Descrption Protab tablet er 5: Assignments 6 and 7 6 Chapter 5: Assignments 6 and 7 Saved Required 1. & 2. Indicate below whether each item is a separate performance obligation and allocate the transaction price of 100,000 Protab Packages to the separate performance obligations in the contract 3. Prepare a journal entry to record sales of 100,000 Protab Packages (ignore any sales of extended warranties). Help Save & Exit Sub Complete this question by entering your answers in the tabs belovw Req 1 and 2 Req 3 ped Indicate below whether each item is a separa performance ob Packages to the separate performance obligations in the contract separau performance obligation and allocate the transaction price of 100,000 Protab ook sk rint rences Performance Obligation? of Total Item Descrption Stand Alone PriceStand Alone Price Protab tablet Limited 6-month warranty Option to purchase a Probook Option to purchase extended warranty Total stand alone price 0.00% Total Stand Total Transaction Allocated Contract Item Descrption Protab tablet Limited 6-month warranty Option to purchase a Probook Option to purchase extended warranty Total contract price !!! Chapter 5: 8 and 7 apter 5: Assignments 6 and 7 6 Saved Help Save&ExitSub Complete this question by entering your answers in the tabs below. 21 Req 1 and 2 Reg 3 Prepare a journal entry to record sales of 100,000 Protab Packages (ignore any sales of extended warranties).(If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 6 View transaction list Skipped Journal entry worksheet eBook Chapter 5: Ask Print eferences Record the sales of 100,000 Protab Packages. Note: Enter debits before credits Debit Credit General Journal KPrev 21 of 30 EEE Next