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A retailer initiates an advertising campaign, which allows a customer to receive a coupon for a free gaming system DVD with the purchase of three gaming system DVDs in a single purchase for $750x525). To receive the free parming system DVD COU the customer fils out a request form and mails it to the retailer prior to the expiration date. The retailer estimates, based on recent experience with similar promotions, that 80% of the customers will complete the main rebate required to receive the free gaming system DVD. The cost of the DVD to the retailer is 516, and its standalone selling price is $25. How is the consideration allocated to the performance obligations in the revenue contract? Note Round the allocated transaction prices to two decimal places. Transaction Mandalone Allocated Transaction Price es Sale DVD Prepare the journal entry for sales and cost of sales for sales transactions in which 3 gaming system DVDs were sold as part of each transaction. Round to the nearest dollar Note List multiple debits or credits (when applicable in alphabetical order according to the first letter of the account name Note: Round amounts to the nearest whole dollar Dr. 0 0 . 0 . + To recordo Assume the retailer has no past experience to estimate the amount of redemption (1) Show how the consideration is allocated to the performance obligations in the revenue contract . Nate Round the allocated transaction prices to two decimal places Trare andalent Allected Selling transition free A retailer initiates an advertising campaign, which allows a customer to receive a coupon for a free gaming system DVD with the purchase of three gaming system DVDs in a single purchase for $750x525). To receive the free parming system DVD COU the customer fils out a request form and mails it to the retailer prior to the expiration date. The retailer estimates, based on recent experience with similar promotions, that 80% of the customers will complete the main rebate required to receive the free gaming system DVD. The cost of the DVD to the retailer is 516, and its standalone selling price is $25. How is the consideration allocated to the performance obligations in the revenue contract? Note Round the allocated transaction prices to two decimal places. Transaction Mandalone Allocated Transaction Price es Sale DVD Prepare the journal entry for sales and cost of sales for sales transactions in which 3 gaming system DVDs were sold as part of each transaction. Round to the nearest dollar Note List multiple debits or credits (when applicable in alphabetical order according to the first letter of the account name Note: Round amounts to the nearest whole dollar Dr. 0 0 . 0 . + To recordo Assume the retailer has no past experience to estimate the amount of redemption (1) Show how the consideration is allocated to the performance obligations in the revenue contract . Nate Round the allocated transaction prices to two decimal places Trare andalent Allected Selling transition free