Exerclse $6-6($Algo$)$ Performance obllgatlons; customer optlon for additional goods or services; residual method LO$6-2,6-4,6-5,6-6]$

Clarks$-$Incorporoted, o shoe retoiler, sells boots in different styles. In eaily November the compony sterts selling "SunBoots" to any additional future purchases made in the next $30$ doys. Customers can' obtein the discount coupon otherwse. Clarks anticipates that approximately $20\%$ of customers will utilize the coupon, and that on average those eustomers will purchose edeitional goods that nomelly sell for $$100.$ Required:

How many performance obligations bere in a contract to buy a pair of SunBoots? to record revenise for the gale of $1,400$ poirs of SunBoots, ossuming that Clarks uses the residusl method to estimete the stand: done selling price of StunBions sold without the discount coupen.

Complete thisique tion by enterning your answers in the tabs below.

Requinted $1$

Ginowiestarit

Journal entry worksheet