Question: Creative Computing sells a tablet computer called the Protab. The $780 sales price of a Protab Package Includes the following: One Protab computer. A

Creative Computing sells a tablet computer called the Protab. The $780 salesprice of a Protab Package Includes the following: One Protab computer. A6-month limited warranty. This warranty guarantees that Creative will cover any costs

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 $600, a price that represents a 25% discount from the regular Probook price of $800. It is expected that 20% of the discount coupons will be utilized. A coupon to purchase a one-year extended warranty for $60. Customers can buy the extended warranty for $85 at other times if they do not use the $60 coupon. Creative estimates that 45% 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. Required: 1. & 2. Indicate below whether each item is a separate performance obligation and allocate the transaction price of 90,000 Protab Packages to the separate performance obligations in the contract. 3. Prepare a journal entry to record sales of 90,000 Protab Packages. D Complete this question by entering your answers in the tabs below. bok Req 1 and 2 Req 31 Indicate below whether each item is a separate performance obligation and allocate the transaction price of 90,000 Protab Packages to the separate performance obligations in the contract. Item Description ences Protab tablet Performance Obligation? Stand-Alone Price Percentage of Total Stand-Alone Price Limited 6-month warranty Option to purchase a Probook Option to purchase extended warranty Total stand-alone price Item Description Protab tablet Limited 6-month warranty Option to purchase a Probook Option to purchase extended warranty Total contract price Percentage of Total Stand- Alone Price Total Transaction Price = Allocated Contract Price Req 1 and 2 Req 3 > Req 1 and 2 Req 3 Prepare a journal entry to record sales of 90,000 Protab Packages. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet < 1 Record the sales of 90,000 Protab Packages. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit

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