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Current Attempt in Progress Sunland Tailors sells tablet PCs combined with Internet service, which permits the tablet to connect to the Internet anywhere and set
Current Attempt in Progress
Sunland Tailors sells tablet PCs combined with Internet service, which permits the tablet to connect to the Internet anywhere and set
up a WiFi hot spot. It offers two bundles with the following terms.
Sunland Bundle A sells a tablet with years of Internet service. The price for the tablet and a year Internet connection
service contract is $ The standalone selling price of the tablet is $the cost to Sunland Tailors is $ Sunland
Tailors sells the Internet access service independently for an upfront payment of $ On January Sunland Tailors
signed contracts, receiving a total of $ in cash.
Sunland 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 year contract period. That product bundle sells for $ Sunland Tailors
provides the year tablet service plan as a separate product with a standalone selling price of $ Sunland Tailors signed
contracts for Sunland Bundle B on July receiving a total of $ in cash.
a
Your answer is correct.
Prepare any journal entries to record the revenue arrangement for Sunland Bundle A on January and December
Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select
Creart account titles are automaticany inaentea wnen the amount is enterea. vo not inaent manualy. if no entry is requirea, select ino
entry" for the account titles and enter for the amounts. Round answers to decimal places, eg List all debit entries before credit
entries. Record journal entries in the order presented in the problem.
te
Unearned Service Revenue
To record sales
Cost of Goods Sold
To record cost of goods sold
Account Titles and Explanation
Credit
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