Creative Computing sells a tablet computer called the Protab. The $$620$ 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 repalis or replacements associated with defective products for up to six months.

A coupon to purchase a Creative Probook e$-$book reader for $$350,$ a price that represents a $30\%$ discount from the regular Probook price of $$500.$ It is expected that $20\%$ of the discount coupons will be utilized.

A coupon to purchase a one$-$year extended warranty for $$40.$ Customers can buy the extended warranty for $$65$ at other times if they do not use the $$40$ 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 $$600.$

Required:

& $2.$ Indicate below whether each item is a separate performance obligation and allocate the transaction price of $120\mathrm{.}000$ Protab Packages to the separate performance obligations in the contract.

Prepare a journal entry to record sales of $120,000$ Protab Packages.

Answer is complete but not entirely correct.

Complete this question by entering your answers in the tabs below.

Req $1$ and $2$

Req $3$

Prepare a journal entry to record sales of $120,000$ Protab Packages.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

$\backslash$table$[[$No$,$Transaction,General Journal,,Debit,Credit$],[1,1,$Accounts receivable,$*,74,000,000,],[,,$Sales revenue,$(2),,69\mathrm{.}603\mathrm{.}408$