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What is the step by step process for solving this problem? Problem 6-2 (Static) Performance obligations; warranties; option [L06-2, 6-4, 6-5] Creative Computing sells a

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Problem 6-2 (Static) Performance obligations; warranties; option [L06-2, 6-4, 6-5] Creative Computing sells a tablet computer called the Protab. The $780 sales price of a Protab Package includes the following: - One Protab computer. - A 6-month limited warranty. This warranty guarantees that Creative will cover any costs that arise due to repairs or replacements associated with defective products for up to six months. - A coupon to purchase a Creative Probook e-book reader for $200, a price that represents a coupons will be utilized. - A coupon to purchase a one-year extended warranty for $50. Customers can buy the extended warranty for $50 at other times as well. Creative estimates that 40% of customers will purchase an extended warranty. - Creative does not sell the Protab without the limited warranty, option to purchase a Probook, and the option to purchase an extended warranty, but estimates that if it did so, a Protab alone would sell for $760. All Protab sales are made in cash. Required: 1. \& 2. Indicated below whether each item is a separate performance obligation and allocate the transaction price of 100,000 Protab Packages to the separate performance obligations in the contract. 3. Prepare a journal entry to record sales of 100,000 Protab Packages (ignore any sales of extended warranties)

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