Larkspur Company sells tablet PCs combined with Internet service, which permits the tablet to connect to the Internet anywhere and set up a Wi-Fi hot spot. It offers two bundles with the following terms.

1.		Larkspur Bundle A sells a tablet with 3 years of Internet service. The price for the tablet and a 3-year Internet connection service contract is $505. The standalone selling price of the tablet is $263 (the cost to Larkspur Company is $160). Larkspur Company sells the Internet access service independently for an upfront payment of $296. On January 2, 2017, Larkspur Company signed 100 contracts, receiving a total of $50,500 in cash.
2.		Larkspur Bundle B includes the tablet and Internet service plus a service plan for the tablet PC (for any repairs or upgrades to the tablet or the Internet connections) during the 3-year contract period. That product bundle sells for $607. Larkspur Company provides the 3-year tablet service plan as a separate product with a standalone selling price of $145. Larkspur Company signed 190 contracts for Larkspur Bundle B on July 1, 2017, receiving a total of $115,330 in cash. Prepare any journal entries to record the revenue arrangement for Larkspur Bundle B on July 1, 2017, and December 31, 2017.