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Hi, please answer all Type the answers clearly please Thank you so much! 1 Problem 6-2 (Algo) Performance obligations; warranties; option (L06-2, 6-4, 6-5) 5

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1 Problem 6-2 (Algo) Performance obligations; warranties; option (L06-2, 6-4, 6-5) 5 Creative Computing seils a tablet computer called the Protab. The $780 sales price of a Protab Package includes the following One Protab computer A 6-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 $200,- price that represents a 50% discount from the regular Probook price of $400. It is expected that 20% of the discount coupons will be utilized A coupon to purchase a one-year extended warranty for $65. Customers can buy the extended Warranty for $65 at other times as well. Creative estimates that 30% 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 Protabalone would sell for $760, All Protab sales are made in cash Required: 1. & 2. Indicated below whether each item is a separate performance obligation and allocate the transaction price of 95.000 Protab Packages to the separate performance obligations in the contract 3. Prepare a journal entry to record sales of 95,000 Protab Packages (ignore any sales of extended warranties) PE references Complete this question by entering your answers in the tabs below. Red 1 and 2 Rea> Indicated below whether each item is a separate performance obligation and allocate the transaction price of 95.000 Protab Packages to the separate performance obligations in the contract Performance Alin Parte of total Obligo Band Alone Protat computers 0 1 3. Prepare a journal entry to record sales OT 95.00U Proton Packages Ugnore any sales of extended warranties). Complete this question by entering your answers in the tabs below. 5 points Reg 1 and 2 Req3 Shipped Indicated below whether each item is a separate performance obligation and allocate the transaction price of 95,000 Protab Packages to the separate performance obligations in the contract. Performance Obligation? Stand Alone Price Book Item Description Protab computers Limited 6-month warranty Option to purchase a Probook Option to purchase extended warranty Total stand alone price Porcentage of Total Stand Alone Price 0 0 0 0 0% Print $ References Percentage of Total Stand Alone Price Total Transaction Price Allocated Contract Price Item Description Protab computers Limited 6-month warranty Option to purchase a Probook Option to purchase extended warranty Total contract price $ 0 Req3 > Laptor b Problems Sevent Help Say 3 Part 2 of 5 1 points Required information Problem 6-10 (Algo) Long-term contract; revenue recognition over time (LO6-3, 6-9) [The following information applies to the questions displayed below) In 2021, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. The road was completed in 2023. Information related to the contract is as follows: 2021 2022 2023 Coot incurred during the year $2,100,000 $2,450,000 $2,695,000 Intimated conte to complete as of year-end 4.900.000 2.450,000 ning during the year 2,200,000 2,350,000 5,450,000 Cash collections during the year 1.900.000 2.300.000 3.000.000 Book Print Westgate recognizes revenue over time according to percentage of completion References Problem 6-10 (Algo) Part 2 2-. In the Journal below.complete the necessary joumal entries for the year 2021 (credit "Various accounts for construction costs incurred) 2.b. In the joumal below, complete the necessary journal entries for the year 2022 (credit Various accounts for construction costs incurred) 2-c. In the Journal below.complete the necessary Journal entries for the year 2023 (credit Various accounts for construction costs incurred) Complete this question by entering your answers in the tabs below. SA 3 Problem 6-10 (Algo) Part 2 Part 2 of 5 2-a. In the Journal below, complete the necessary Journal entries for the year 2021 (credit "Various accounts for construction costs incurred) 2-6. In the journal below.complete the necessary Journal entries for the year 2022 (credit "Various accounts for construction costs incurred) 2.c. In the journal below, complete the necessary journal entries for the year 2023 (credit "Vorious accounts for construction costs incurred) 1 paints Complete this question by entering your answers in the tabs below. Book ib Reg 2A Reg 28 Reg 2c Prim In the journal below, complete the necessary journal entries for the year 2021 (credit "Various accounts for construction costs incurred) (Ir no entry is required for a transaction/event, select "No journal entry required in the first account field) References View transaction list View journal entry worksheet NO General Journal Cro Date 2021 1 Dab 2,100,000 2.200,000 1,815,000 3,000,000 2,100,000 900.000 Reg 28 > 1 Problem 6-2 (Algo) Performance obligations; warranties; option (L06-2, 6-4, 6-5) 5 Creative Computing seils a tablet computer called the Protab. The $780 sales price of a Protab Package includes the following One Protab computer A 6-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 $200,- price that represents a 50% discount from the regular Probook price of $400. It is expected that 20% of the discount coupons will be utilized A coupon to purchase a one-year extended warranty for $65. Customers can buy the extended Warranty for $65 at other times as well. Creative estimates that 30% 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 Protabalone would sell for $760, All Protab sales are made in cash Required: 1. & 2. Indicated below whether each item is a separate performance obligation and allocate the transaction price of 95.000 Protab Packages to the separate performance obligations in the contract 3. Prepare a journal entry to record sales of 95,000 Protab Packages (ignore any sales of extended warranties) PE references Complete this question by entering your answers in the tabs below. Red 1 and 2 Rea> Indicated below whether each item is a separate performance obligation and allocate the transaction price of 95.000 Protab Packages to the separate performance obligations in the contract Performance Alin Parte of total Obligo Band Alone Protat computers 0 1 3. Prepare a journal entry to record sales OT 95.00U Proton Packages Ugnore any sales of extended warranties). Complete this question by entering your answers in the tabs below. 5 points Reg 1 and 2 Req3 Shipped Indicated below whether each item is a separate performance obligation and allocate the transaction price of 95,000 Protab Packages to the separate performance obligations in the contract. Performance Obligation? Stand Alone Price Book Item Description Protab computers Limited 6-month warranty Option to purchase a Probook Option to purchase extended warranty Total stand alone price Porcentage of Total Stand Alone Price 0 0 0 0 0% Print $ References Percentage of Total Stand Alone Price Total Transaction Price Allocated Contract Price Item Description Protab computers Limited 6-month warranty Option to purchase a Probook Option to purchase extended warranty Total contract price $ 0 Req3 > Laptor b Problems Sevent Help Say 3 Part 2 of 5 1 points Required information Problem 6-10 (Algo) Long-term contract; revenue recognition over time (LO6-3, 6-9) [The following information applies to the questions displayed below) In 2021, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. The road was completed in 2023. Information related to the contract is as follows: 2021 2022 2023 Coot incurred during the year $2,100,000 $2,450,000 $2,695,000 Intimated conte to complete as of year-end 4.900.000 2.450,000 ning during the year 2,200,000 2,350,000 5,450,000 Cash collections during the year 1.900.000 2.300.000 3.000.000 Book Print Westgate recognizes revenue over time according to percentage of completion References Problem 6-10 (Algo) Part 2 2-. In the Journal below.complete the necessary joumal entries for the year 2021 (credit "Various accounts for construction costs incurred) 2.b. In the joumal below, complete the necessary journal entries for the year 2022 (credit Various accounts for construction costs incurred) 2-c. In the Journal below.complete the necessary Journal entries for the year 2023 (credit Various accounts for construction costs incurred) Complete this question by entering your answers in the tabs below. SA 3 Problem 6-10 (Algo) Part 2 Part 2 of 5 2-a. In the Journal below, complete the necessary Journal entries for the year 2021 (credit "Various accounts for construction costs incurred) 2-6. In the journal below.complete the necessary Journal entries for the year 2022 (credit "Various accounts for construction costs incurred) 2.c. In the journal below, complete the necessary journal entries for the year 2023 (credit "Vorious accounts for construction costs incurred) 1 paints Complete this question by entering your answers in the tabs below. Book ib Reg 2A Reg 28 Reg 2c Prim In the journal below, complete the necessary journal entries for the year 2021 (credit "Various accounts for construction costs incurred) (Ir no entry is required for a transaction/event, select "No journal entry required in the first account field) References View transaction list View journal entry worksheet NO General Journal Cro Date 2021 1 Dab 2,100,000 2.200,000 1,815,000 3,000,000 2,100,000 900.000 Reg 28 >

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