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flients, Bionics, Incorporated, at a fixed price of $ 7 5 , 6 0 0 , to be settled by a cash payment on May
flients, Bionics, Incorporated, at a fixed price of $ to be settled by a cash payment on May Delivery is scheduled for June As part of the contract, the seller offers a discount coupon to Bionics for any purchases in the next six months. The seller will continue to offer a discount on all sales during the same time period, which will be available to all customers. Based on experience, Meta Computer estimates a probability that Bionics will redeem the discount voucher and that the coupon will pe applied to $ of purchases. The standalone selling price for the Comfort Office Keyboard is $ per unit. Required:
How many performance obligations are in this contract?
Prepare the journal entry that Meta would record on May
Assume the same facts and circumstances as above, except that Meta gives a discount option to Bionics instead of In this case, what journal entry would Meta record on May
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