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 Probook 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 $55 at other times as well. 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 purchase an extended warranty, but estimates that if it did so, a Protab alone would sell for $765.

Required: 1. & 2.

Indicated 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.

Item Description	Performance Obligations		Stand Alone Price		% of Total Stand Alone Price
Protab Comp	yes or no
Limited 6month warranty	yes or no
Probook discount vouchers	yes or no
option to purchase a Probook	yes or no
Total Stand Alone Price
Item Description	% of Total Stand Alone Price	x	Total Transaction Price	=	Allocated Contract Price
Protab Computers
Limited 6 month warranty
Probook discount vouchers
Option to purchase a Probook
Total Contract Price

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.)