Current Attemptin Progress Bonita Company sells tablet PCs combined with Internet service which permits the tablet to connect to the Internet anywhere and set up a Wi-Fi hotspot. It offers two bundles with the following terms. Bonita 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 $516. The standalone selling price of the tablet is $267 (the cost to Bonita Company is $175). Bonita Company sells the Internet access service independently for an upfront payment of $299. On January 2, 2020. Bonita Company signed 110 contracts receiving a total of $5660 in cash Bonita 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 $619. Bonita Company provides the 3-year tablet service plan as a separate product with a standalone selling price of $164 Bonita Company signed 210 contracts for Bonita Bundle B on July 1 2020, receiving a total of $129.990 in cash Your answer is partially correct. Prepare any journa entries to record the revenue arrangement for Bonita Bundle A on January 21 2020, and December 31, 2020. (Credit account titles are automatically indented when the arnount is entered. Do not indent manually. If no entry is required, select "Ne entry for the account titles and enter o for the arnounts. Round answers to decimal places, els S2S ate Account Titles and Explanation Debit Credit 020 Cash 64760 Unearned Service Revenue - Internet 24341 Sales Revenue 27259 (To record sales) Cost of Goods Sold 17500 Inventory 17500 020 Cash 9780 Unearned Service Revenue - Internet 24841 Sales Revenue 27259 (to record sales) Cost of Goods Sold 17500 Inventory 17500 (To record cost of goods sold) 2020 Unearned Service Revenue - Internet 8114 Service Revenue 8114 e Textbook and Media Your answer is correct Prepare any journal entries to record the revenue arrangement for Bonita Bundle B on July 1, 2020 and December 31, 2020. (Credit account titles are automatically indented when the amount is entered. Do not inden manual imo enermis required, select "No entry for the gocount dides and enter for the amounts Round answers to demanar peces es 2 Prepare any journal entries to record the revenue arrangement for Bonita Bundle B on July 1, 2020. and December 31, 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter for the amounts. Round answers to decimal places, eg 5, 125.) Debit Credit te Account Titles and Explanation 1129990 20 Cash 58242 Unearned Service Revenue - Internet 29208 Unearned Service Revenue - Maintenance Sales Revenue 47544 (To record sales) Cost of Goods Sold 36750 Inventory 36750 (To record cost of goods sold) 2020 Unearned Service Revenue - Internet 8874 Unearned Service Revenue - Maintenance 4867 Service Revenue 13741 e Textbook and Media Repeat the requirements for part (a), assuming that Bonita Company has no reliable data with which to estimate the standalone selling price for the Internet service. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter for the amounts. Round answers to decimal places eg. 5.125 Debit Credi Date Account Titles and Explanation Jan 2.2020 Cash Unearned Service Revenue - Internet Sales Revenue (To record sales) Cost of Goods Sold Inventory (To record cost of goods sold) UN NO Jul. 1.2020 V Unearned Service Revenue - Internet Service Revenue e Textbook and Media