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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. -
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 Proboo 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 $60. Customers can buy the extended warranty for $60 at other times as well. Creative estimates that 30% 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. Prepare a journal entry to record sales of 80,000 Protab Packages (ignore any sales of extended warranties). Vote: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the sales of 80,000 Protab Packages. Note: Enter debits before credits
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