Meadow Breeze Golf Course is offering a new membership special.
The membership special provides an unlimited access to golf for $875, and also provides
a coupon for 20% off a golf cart annual membership. Meadow Breeze
normally sells a golf membership for $960 and a cart membership for $400.
Meadow Breeze expects 50% of of the cart membership coupons to be redeemed.
REQUIRED:
1	Identify whether each item is a separate performance obligation
2	For each separate performance obligation you indicated, allocate
	a portion of the special membership price.
3	Prepare the journal entry to recognize a new membership sale. (Assume
	payment is in cash).
Assume Meadow Breeze also offers a coupon package of 20 golf rounds for $500.
Golf cart rental when using these 20 round coupons is $20 per golf round.
Normal fees for a round of golf are $30 per golf round and $20 for a golf cart
rental.
REQUIRED:
4	Identify whether each item is a separate performance obligation
5	For each separate performance obligation you indicated, allocate
	a portion of the coupon package price.
6	Prepare the journal entry to recognize a coupon package sale. (Assume
	payment is in cash).