Creative Computing sells a tablet computer called the Protab. The $$780$ 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 $$160,$ a price that represents a $50\%$ discount from the regular Probook

price of $$320.$ It is expected that $25\%$ 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 $40\%$ 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 $$760.$

All Protab sales are made in cash.

Requlred:

& $2.$ Indicated below whether each item is a separate performance obligation and allocate the transaction price of $95,000$ Protab

Packages to the separate performance obligations in the contract.

Prepare a journal entry to record sales of $95,000$ Protab Packages $($ignore any sales of extended warranties$).$

Complete this question by entering your answers in the tabs below.

Prepare a journal entry to record sales of $95,000$ 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.

Journal entry worksheet

$1$

Record the sales of $95,000$ Protab Packages.

Note: Enter debits before credits.