On March $1,2024,$ Gold Examiner receives $$154,000$ from a local bank and promises to deliver $100$ units of certified $1-$ounce gold bars on a future date. The contract states that ownership passes to the bank when Gold Examiner delivers the products to Brink's, a thirdparty carrier. In addition, Gold Examiner has agreed to provide a replacement shipment at no additional cost if the product is lost in transit. The stand$-$alone price of a gold bar is $$1,482$ per unit, and Gold Examiner estimates the stand$-$alone price of the replacement insurance service to be $$78$ per unit. Brink's picked up the gold bars from Gold Examiner on March $30,$ and delivery to the bank occurred on April $1.$

Required:

How many performance obligations are in this contract?

to $4.$ Prepare the journal entry Gold Examiner would record on March $1,$ March $30,$ and April $1.$

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Req $1$

Prepare the journal entry Gold Examiner would record on March $1,$ March $30,$ and April $1.$

Note: Do not round intermediate calculations. If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Round your final answers to the nearest whole dollar amount.

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$\backslash$table$[[$No$,$Date,General Journal,Debit,Credit$],[1,$March $01,2024,$Cash,,$],[,,$Deferred revenue $-$ gold bars,,$],[,,$Deferred revenue $-$ insurance,,$],[,,,,]]$