Tablet Tailors sells tablet PCs combined with Internet service (Tablet Bundle A) that permits the tablet to connect to the Internet anywhere (set up a Wi-Fi hot spot). The price for the tablet and a 4-year Internet connection service contract is $520. The standalone selling price of the tablet is $260 (cost to Tablet Tailors $183). Tablet Tailors sells the Internet access service independently for an upfront payment of $10,000, plus $76 payments at the beginning of years 24 of the contract. With an imputed interest rate of 6%, the standalone value of the service is $303. On January 2, 2014, Tablet Tailors signed 100 contracts, receiving a total of $31,685 in cash (full payment of $520 each in cash, less the present value of the note for the future service plan payments), delivered tablets, and started service for 100 tablet packages. Collapse question part (a) Prepare any journal entries to record this revenue arrangement on January 2, 2014. (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. 5,275. For calculation purposes, use 5 decimal places as displayed in the factor table provided.)