help with journal entries
3. (5 points) Creative Computing sells a tablet computer called the Protab. The $860 sales price of a Protab Package includes the following: - One Protab computer. - A six-month limited warranty. This warranty guarantees that Creative will cover any costs that arise due to repairs or replacements associated with defective products for up to six months. - A coupon to purchase a Creative Probook e-book reader for $140, a price that represents a 50% discount from the regular Probook price of $280. It is expected that 25% of the discount coupons will be utilized. - A coupon to purchase a one-year extended warranty for $50. Customers can buy the extended warranty for $50 at other times as well. Creative estimates that 40% of customers will purchase an extended warranty. - Creative does not sell the Protab without the limited warranty, option to purchase a Probook, and the option to purchase an extended warranty, but estimates that if it did so, a Protab alone would sell for $840. All Protab sales are made in cash. Prepare a journal entry to record sales of 96,000 Protab Packages (ignore any sales of extended warranties). 3. (5 points) Creative Computing sells a tablet computer called the Protab. The $860 sales price of a Protab Package includes the following: - One Protab computer. - A six-month limited warranty. This warranty guarantees that Creative will cover any costs that arise due to repairs or replacements associated with defective products for up to six months. - A coupon to purchase a Creative Probook e-book reader for $140, a price that represents a 50% discount from the regular Probook price of $280. It is expected that 25% of the discount coupons will be utilized. - A coupon to purchase a one-year extended warranty for $50. Customers can buy the extended warranty for $50 at other times as well. Creative estimates that 40% of customers will purchase an extended warranty. - Creative does not sell the Protab without the limited warranty, option to purchase a Probook, and the option to purchase an extended warranty, but estimates that if it did so, a Protab alone would sell for $840. All Protab sales are made in cash. Prepare a journal entry to record sales of 96,000 Protab Packages (ignore any sales of extended warranties)