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Antonio's Car Services provides maintenance services for motorired vehicles. In March 2024 . Rick placed an order for a new set of tres for 5385

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Antonio's Car Services provides maintenance services for motorired vehicles. In March 2024 . Rick placed an order for a new set of tres for 5385 . When a customer purchases goods or services in excess of 5300, Nitonio's gives the customer a 20% discount coupon for future purchases inade in the next three months. Antonio's estimates that approximate. 75% of customers utilize the coupon and that on average those customers wil purchase goods or services that typically sell for 560 . Required: (o) How many performance obligations are in Rick's contract? (b) Prepare a journal entry to record revenue for this transaction, assuming that Antonio's uses the residuat method to estimate the stand-aloreselling price of new bres sold without the discount coupon. Complete this question by entering your answers in the tabs below. How many performance obligations are in Rick's contract? Journal entry worksheet Record the revenue assuming that Antonio's uses the residual method to estimate the stand-alone selling price of new tires sold without the discount coupon. Note: Enter debits before credits

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