Please help me find the journal entries for Bundle B!!!! I am so lost
Problem 18-1 Culver Companry sells tablet PCs combined with Internet service, which permits the tablet to connect to the Intenet anywhere and set up a Wi-Fi hot spot. It offers two bundles with the following terms 1 Culver Bundle A sells a tablet with 3 years of tnternet service. The price for the tablet and a 3-year Internet connection service contract is s485. The standalone selling price of the tablet is $256 (the cost to Culve Culver Company sells the Internet eccess service independently for an vefront payment of $28o. On Januery 2, 2017, Culver Company signed 100 contrects, receiving a total of $48,500 in cash Culver Bundle B includes the tablet and Internet service plus a service plan for the tablet PC (for any repairs or upprades to the tablet or the Internet connections) duning the 3-year contract peniod. That product b 2. Culver Company provides the 3-year tablet service plan as a separate product with a standalone seling price of $155. Culver Company signed 200 contracts for Culver Bundle B on July 1, 2017, receiving a total o Prepare any jourmal entries to record the revenue arrangement for Culver Bundle B on July 1, 2017, and December 31, 2017. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If mo entry is required, select "No entry for the account titles and enter for the amounts. Round answers to 0 decimal places, e.g. 5,125.) Date Account Titles and Explanation Debit Credt Jul. 1, 2017 Cash 115,600 46,842 Uneaned Service Revenue Internet 25,931 Unearned Service Revenue Maintenance Sales Revenue 42,827 (To record sales) Cost of Goods Sold 33,000 33.000 Inventory (To record cost of goods sold)y 7,807 Dec. 31, 2017 Unearned Service Revenue Intemet unearned Service Revenue 4,322 Mantenance Service Revenye 12.267 Problem 18-1 Culver Companry sells tablet PCs combined with Internet service, which permits the tablet to connect to the Intenet anywhere and set up a Wi-Fi hot spot. It offers two bundles with the following terms 1 Culver Bundle A sells a tablet with 3 years of tnternet service. The price for the tablet and a 3-year Internet connection service contract is s485. The standalone selling price of the tablet is $256 (the cost to Culve Culver Company sells the Internet eccess service independently for an vefront payment of $28o. On Januery 2, 2017, Culver Company signed 100 contrects, receiving a total of $48,500 in cash Culver Bundle B includes the tablet and Internet service plus a service plan for the tablet PC (for any repairs or upprades to the tablet or the Internet connections) duning the 3-year contract peniod. That product b 2. Culver Company provides the 3-year tablet service plan as a separate product with a standalone seling price of $155. Culver Company signed 200 contracts for Culver Bundle B on July 1, 2017, receiving a total o Prepare any jourmal entries to record the revenue arrangement for Culver Bundle B on July 1, 2017, and December 31, 2017. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If mo entry is required, select "No entry for the account titles and enter for the amounts. Round answers to 0 decimal places, e.g. 5,125.) Date Account Titles and Explanation Debit Credt Jul. 1, 2017 Cash 115,600 46,842 Uneaned Service Revenue Internet 25,931 Unearned Service Revenue Maintenance Sales Revenue 42,827 (To record sales) Cost of Goods Sold 33,000 33.000 Inventory (To record cost of goods sold)y 7,807 Dec. 31, 2017 Unearned Service Revenue Intemet unearned Service Revenue 4,322 Mantenance Service Revenye 12.267
