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s The Home Store is an experienced home appliance dealer. Home Store also offers a (10 points) The Home Store is an experien es together

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s The Home Store is an experienced home appliance dealer. Home Store also offers a (10 points) The Home Store is an experien es together with the home appliances that it sells. Assume that Home Store sells dishwashers on a standalone basis. Home Store also sells installation services Te Sur 150 sous installation services and maintenance lishwashers. However, Appliance Store does not offer installation or maintenance services for dishwashers. However, Appliance Sto services to customers who buy dishwashers from other vendors. Pricing for dishwashers is as follows. Dishwasher only 2015 on his on $1,130 Dishwasher with Installation service 1,260 Dishwasher with maintenance services 1,380 Dishwasher with installation and maintenance services 1,450 In each instance in which maintenance services are provided, the maintenance service is separately priced within the arrangement at $250. Additionally, the incremental amount charged by Home Store for installation approximates the amount charged by independent third parties. Dishwashers are sold subject to a general right of return. If a customer purchases a dishwasher with installation and/or maintenance services, in the event Home Store does not complete the service satisfactorily, the customer is only entitled to a refund of the portion of the fee that exceeds $1,140. Instructions (a) Assume that a customer purchases a dishwasher with both installation and maintenance services for $1,450. Based on its experience, Home Store believes that it is probable that the installation of the equipment will be performed satisfactorily to the customer. Assume that the maintenance services are priced separately. Identify the separate performance obligations related to the Home Store revenue arrangement (b) Indicate the amount of revenue that should be allocated to the dishwasher the installation, and to the maintenance contract. (c) Prepare the necessary journal entry for the Home Store

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