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Creative Computing sells a tablet computer called the Protab. The $970 sales price of a Protab Package includes the following: One Protab computer. A

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Creative Computing sells a tablet computer called the Protab. The $970 sales price of a Protab Package includes the following: One Protab computer. A six-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 $250, a price that represents a 50% discount from the regular Probook price of $500. It is expected that 20% of the discount coupons will be utilized. A coupon to purchase a one-year extended warranty for $50. Customers can buy the extended warranty for $50 at other times as well. Creative estimates that 35% 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 purchase an extended warranty, but estimates that if it did so, a Protab alone would sell for $950. All Protab sales are made in cash. Req 1 and 2 Req 3 Indicated below whether each item is a separate performance obligation and allocate the transaction price of 80,000 Protab Packages to the separate performance obligations in the contract. Item Description Protab computers Limited six-month warranty Performance. Obligation? Stand-Alone Price Percentage of Total Stand-Alone Price Option to purchase a Probook Option to purchase extended warranty Total stand alone price Item Description Protab computers Limited six-month warranty Option to purchase a Probook Option to purchase extended warranty. Total contract price Percentage of Total Stand- x Alone Price Total Transaction. Price Allocated Contract Price Prepare a journal entry to record sales of 80,000 Protab Packages (ignore any sales of extended warranties). Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet Record the sales of 80,000 Protab Packages. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal

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