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Creatlve Computing sells a tablet computer called the Protab. The $740 sales price of a Protab Package Includes the following: - One Protab computer. -
Creatlve Computing sells a tablet computer called the Protab. The $740 sales price of a Protab Package Includes the following: - One Protab computer. - A 6-month IImited warranty. This warranty guarantees that Creative will cover any costs that arise due to repalrs or replacements assoclated with defectlve products for up to slx months. - A coupon to purchase a Creatlve Probook e-book reader for $450, a price that represents a 40% discount from the regular Proboo price of $750. It is expected that 20% of the discount coupons will be utilized. - A coupon to purchase a one-year extended warranty for $65. Customers can buy the extended warranty for $90 at other times if they do not use the $65 coupon. Creatlve estlmates that 40% of customers will purchase an extended warranty. - Creatlve 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 $720. Requlred: 1. \& 2. Indicate 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. 3. Prepare a journal entry to record sales of 100,000 Protab Packages. Complete this question by entering your answers in the tabs below. Indicate 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. Prepare a journal entry to record sales of 100,000 Protab Packages. Note: 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 100,000 Protab Packages. Note: Enter debits before credits
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