it \& Slim (F\&S) is a health club that offers members various gym services. tequired: 1. Assume F\&S offers a deal whereby enrolling in a new membership for $950 provides a year of unlimited access to facilities and aiso entitles the member to receive a voucher redeemable for 20% off yoga classes for one year. The yoga classes are offered to gym members as well as to the general public. A new membership normally sells for $980, and a one-year enroliment in yoga classes sells for an additional $500 F\&S estimates that approximately 40% of the vouchers will be redeemed F\&S offers a 10% discount on all one-year enrollments in classes as part of its normal promotion strategy o. \& b. Indicate below whether each item is a separate performance obligation. For each separate performance obligation you have indicated, allocate a portion of the contract price. c. Prepare the journal entry to recognize revenue for the sale of a new membership. make an average of 30 visits before the coupon book expires. A customer purchases a Fit 40 book by paying $500 in advance, and for any additional visits over 40 during the year after the book is purchased, the customer can pay a $10 visitation fee per visit. F\&S typically charges $10 to nonmembers who use the facities for a single day 0,&b. Indicate below whether each item is a separate performance obligation. For each separate performance obligation you have indicated, allocate a portion of the contract price c. Prepare the journal entry to recognize revenue for the sale of a new Fit 40 book. Complete this question by entering your answers in the tabs below. Indicate below whether each item is a separate performance obligation. For each separate performance obligation you have indicated, allocate a portion of the contract price. repare the journal entry to recognize revenue for the sale of a new membership. lote: If no entry is required for a transaction/event, select "No journal entry required" in the Journal entry worksheet Record the revenue for the sale of a new membership. Note: Enter debits before credits. Indicate below whether each item is a separate performance obligation. For each separate performance obligation you have indicated/ allocate a portion of the contract price. Prepare the journal entry to recognize revenue for the sale of a new Fit 40 book. Note: If no entry is required for a transaction/event, select "No journal entry required" in the Journal entry worksheet Record the revenue for the sale of a new Fit 40 book. Note: Enter debits before credits