Culver Company sells tablet PCs combined with Internet service, which permits the tablet to connect to the Internet anywhere and set up a Wi-Fi hot spot. It offers two bundles with the following terms.

1.		Culver Bundle A sells a tablet with 3 years of Internet service. The price for the tablet and a 3-year Internet connection service contract is $494. The standalone selling price of the tablet is $236 (the cost to Culver Company is $170). Culver Company sells the Internet access service independently for an upfront payment of $307. On January 2, 2020, Culver Company signed 90 contracts, receiving a total of $44,460 in cash.
2.		Culver Bundle B includes the tablet and Internet service plus a service plan for the tablet PC (for any repairs or upgrades to the tablet or the Internet connections) during the 3-year contract period. That product bundle sells for $585. Culver Company provides the 3-year tablet service plan as a separate product with a standalone selling price of $159. Culver Company signed 220 contracts for Culver Bundle B on July 1, 2020, receiving a total of $128,700 in cash.

(a)

Prepare any journal entries to record the revenue arrangement for Culver Bundle A on January 2, 2020, and December 31, 2020.