Creative Computing sells a tablet computer called the Protab. The $ 7 4 0 ?sales price of
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Creative Computing sells a tablet computer called the Protab. The $ ?sales price of a Protab Package Includes the following:
One Protab computer.
A month limited warranty. This warranty guarantees that Creative will cover any costs that arise due to repairs or replacements assoclated with defective products for up to six months.
A coupon to purchase a Creative Probook ebook reader for $ ?a price that represents a ?discount from the regular Probook price of $ ?It is expected that ?of the discount coupons will be utllized.
A coupon to purchase a oneyear extended warranty for $ ?Customers can buy the extended warranty for $ ?at other times if they do not use the $ ?coupon. Creative estimates that ?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 $
Required:
& ?Indicate below whether each item is a separate performance obligation and allocate the transaction price of ?Protab Packages to the separate performance obligations in the contract.
Prepare a Journal entry to record sales of ?Protab Packages.
Complete this question by entering your answers in the tabs below.
Req ?and
Indicate below whether each item is a separate performance obligation and allocate the transaction price of ?Protab Packages to the separate performance obligations in the contract.
tableItem Description,tablePerformanceObligationStandAlone Price,tablePercentage of TotalStandAlone PriceProtab tablet,,,
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