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 third- part3.r 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 oar Is $1,482 per unit, and Gold Examiner estimates the standalone price ofthe 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 Apnl1. Required: 1. How many performance obligations are in this contract? 1 to 4. Prepare theJournal entry Gold Examiner would record on March 1, March 30, and Apnl1. 9 Answer is not complete. Complete this question by entering your answers in the tabs below. Reg 1 Red 2 to 4 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 transactionfevent, select "No journal entnf required" in the rst account eld. Round your nal answers to the nearest whole dollar amount. March [11, 2024 Deferred revenue 141340 9 Deferred revenue insuranoe 6,150 a 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 third- party 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: 1. How many performance obligations are in this contract? 2. to 4. Prepare the journal entry Gold Examiner would record on March 1, March 30, and April 1. Complete this question by entering your answers in the tabs below. Req 1 Req 2 to 4 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. View transaction list Journal entry worksheet 3 Record the receipt of cash by Gold Examiner. Note: Enter debits before credits. Date General Journal Debit Credit March 01, 2024 Cash 154,000 Deferred revenue Deferred revenue - insurance Record entry Clear entry View general journalOn 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 third- party 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: 1. How many performance obligations are in this contract? 2. to 4. Prepare the journal entry Gold Examiner would record on March 1, March 30, and April 1. Complete this question by entering your answers in the tabs below. Req 1 Req 2 to 4 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. View transaction list Journal entry worksheet