Problem 18-1 (Part Level Submission) Headland Company sells tablet PCs combined with Internet service, which permits the tablet to connect to the Internet anywhere and set up a Wi-Fi hot spot. It offers two bundles with the following terms. Headland Bundle A sells a tablet with 3 years of Internet service. The price for the tablet and a 3-year Internet connection service contract is $506. The standalone selling price of the tablet is $269 (the cost to Headland Company is $158). Headland Company sells the Internet access service independently for an upfront payment of $285. On January 2, 2017, Headland Company signed 100 contracts, receiving a total of $50,600 in cash. 1. 2. Headland Bundle B includes the tablet and Internet service plus a service plan for the tablet PC (for any repairs or upgrades to the tablet or the Internet connections) during the 3-year contract period. That product bundle sells for $598. Headland Company provides the 3-year tablet service plan as a separate product with a standalone selling price of $157. Headland Company signed 220 contracts for Headland Bundle B on July 1, 2017, receiving a total of $131,560 in cash (a) Prepare any journal entries to record the revenue arrangement for Headland Bundle A on January 2, 2017, and December 31, 2017. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e.g. 5,125.) Date Account Titles and Explanation Debit Credit (To record sales) To recod cost of goods sold)