Only possible journal entries:

Cash

Deferred Revenue- Coupons

Sales Revenue

I'm not sure if 1) is right, and I'm assuming 2) is supposed to have three journal entries, but I'm just not understanding it. Please help.

Problem 9 (extended warranty] Assume that on July 1, 2020 you paid cash to purchase a television from Best Buy for $500. At the check-out stand, the cashier asked if you wanted to add a two-year extended warranty for an additional $100. You opted for the extended warranty and paid the cashier $600 cash plus sales tax (ignore the sales tax). Assume that Best Buy's fiscal year ends December 31, 2020. The television comes with a manufacturer's one-year quality assurance warranty. 1. Prepare the journal entry made by Best Buy to record the sale to you on July 1, 2020. Enter your answer below. Choose the account from the drop-down list in the yellow cell. Enter the amount of the entry in the green box. Debit Credit Entry on July 1, 2020: Account Cash Deferred Revenue Sales Revenue $600 1 1 $ 100 $500 1 2. Prepare any adjusting journal entry related to this sale that Best Buy should make at December 31, 2020. Enter your answer below. Choose the account from the drop-down list in the yellow cell. Enter the amount of the entry in the green box. Debit Credit Entry on December 31, 2020: Account Deferred Revenue Sales Revenue $25 2 $25 2 2