Question: Creative Computing sells a tablet computer called the Protab. The $740 sales price of a Protab Package includes the following: One Protab computer. A6-month limited
Creative Computing sells a tablet computer called the Protab. The $740 sales price of a Protab Package includes the following: One Protab computer. A6-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 $250, a price that represents a one-third discount from the regular Probook price of $375. It is expected that 40% of the discount coupons will be utilized. A coupon to purchase a one-year extended warranty for $50. Customers must pay $100 to purchase the extended warranty if they don't purchase it with the $50 coupon that was included in the Protab Package. Creative estimates that 60% of customers will use the $50 coupon to 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 $720. Question 17: Prepare a journal entry to record sales of 100,000 Protab Packages (ignore any sales of extended warranties). Assume the Protab computer is delivered on the sales date
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