Need assistance with the incorrect solutions Thanks Creative Computing sells 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, a 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 $50 Customers can buy the extended warranty for $75 at other times if they do not use the $50 coupon Creative estimates that 40 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 Protab alone would sell for $760 1 2 Indicate below whether each item is a separate performance obligation and allocate the transaction price of 100,000 Protab Packages to the separate performance obligations in the contract 3 Prepare a journal entry to record sales of 100,000 Protab Packages Answer is not complete Complete this question by entering your answers in the tabs below Req 1 and 2 Reg 3 Indicate below whether each item is a separate performance obligation and allocate the transaction price of 100,000 Protab Packages to the separate performance obligations in the contract Performance Percentage of Item Descrption Obligation Stand Alone Total Stand Price Alone Price Protab tablet $ 76,000,000 95 00 Limited 6 month warranty $ 4,000,000 5 00 Option to purchase a Probook 0 Option to purchase extended $ 0 warranty Total stand alone price 80,000,000 100 00 $ Percentage of Total Stand Alone Price x Total Transaction Price 78,000,000 78,000,000 Allocated Contract Price 74,100,000 3,900 000 x $ 95 00 5 00 $ $ Item Descrption Protab tablet Limited 6 month warranty Option to purchase a Probook Option to purchase extended warranty Total contract price x 78,000,000 Answer is not complete Complete this question by entering your answers in the tabs below Req 1 and 2 Reg 3 Prepare a journal entry to record sales of 100,000 Protab Packages (If no entry is required for a transaction event, select No journal entry required' in the first account field ) No Transaction General Journal Debit Credit Cash 78,000,000 74,100,000 3,900,000 1 1 Sales revenue Deferred revenue coupons

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Need assistance with the incorrect solutions. Thanks. Creative Computing sells a tablet computer called the Protab. The $780 sales price of a Protab Package includes

Need assistance with the incorrect solutions. Thanks.

Creative Computing sells 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, a 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 $50. Customers can buy the extended warranty for $75 at other times if they do not use the $50 coupon. Creative estimates that 40% 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 Protab alone would sell for $760.

1. & 2. Indicate below whether each item is a separate performance obligation and allocate the transaction price of 100,000 Protab Packages to the separate performance obligations in the contract. 3. Prepare a journal entry to record sales of 100,000 Protab Packages.

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Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Indicate below whether each item is a separate performance obligation and allocate the transaction price of 100,000 Protab Packages to the separate performance obligations in the contract. Performance Percentage of Item Descrption Obligation? Stand Alone Total Stand Price Alone Price Protab tablet $ 76,000,000 95.00% Limited 6-month warranty $ 4,000,000 5.00% Option to purchase a Probook 0 % Option to purchase extended $ 0 % warranty Total stand alone price 80,000,000 100.00% $ Percentage of Total Stand Alone Price x Total Transaction Price 78,000,000 78,000,000 Allocated Contract Price 74,100,000 3,900.000 x $ 95.00% 5.00% $ $ Item Descrption Protab tablet Limited 6-month warranty Option to purchase a Probook Option to purchase extended warranty Total contract price x 78,000,000 Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Prepare a journal entry to record sales of 100,000 Protab Packages. (If no entry is required for a transaction/event, select "No journal entry required' in the first account field.) No Transaction General Journal Debit Credit Cash 78,000,000 74,100,000 3,900,000 1 1 Sales revenue Deferred revenue - coupons