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 d products for up to six months. e-book reader for $450, a price that represents a 40% discount from the regular Probook price of $750. It is expected that 20% of the discount coupons will be utilized. . A coupon to purchase a one-year extended warranty for $65. Customers can buy the extended warranty for $110 at other times if they do not use the S65 coupon. Creative estimates that 30% 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 Required: 1. & 2. Indicate below whether each item is a separate performance obligation and allocate the transaction price of 95,000 Protab Packages to the separate performance obligations in the contract. 3. Prepare a journal entry to record sales of 95,000 Protab Packages (ignore any sales of extended warranties). Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Indicate below whether each item is a separate performance obligation and allocate the transaction price of 95,000 Protab Packages to the separate performance obligations in the contract. ge of Total Obligation? Stand Alone PriceStand Alone Price 72.200,000 100.00% 0.00% 3. Prepare a journal entry to record sales of 95,000 Protab Packages (ignore any sales of extended warranties). Req 1 and 2 to the of 100.00 100.00% Total Stand Total 100.00%) . One Protab computer . A 6-month limited warranty. This warranty guarantees that Creative will cover any costs that arise due to r associated with defective products for up to six months. A coupon to purchase a Creative Probook e-book reader for $450, a price that represents a 40% discount from the regular Probook price of $750. It is expected that 20% of the discount coupons will be utilized. . A coupon to purchase a one-year extended warranty for $65. Customers can buy the extended warranty for $110 at other they do not use the $65 coupon. C estimates that 30% of customers will an extended warranty. thout 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. Required: 1. & 2. Indicate below whether each item is a separate performance obligation and allocate the transaction price of 95,000 Protab Packages to the separate performance obligations in the contract. 3. Prepare a journal entry to record sales of 95,000 Protab Packages (ignore any sales of extended warranties). Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 for l entry to record sales of 95,000 Protab Packages (ignore any sales of extended warranties). (If no entry is a transaction/event.select "No journal entry.reguired in the first account field.).. View transaction list View journal entry worksheet General Journal Debit Credit No Transaction No Transaction Recorded K Req 1 and 2
