DGA Associates, Incorporated sells computer workstations designed for architects. In $2024,$ it sold $150$ workstations for $$368,000.$ For Journal entry worksheet

$1$

Record the revenue for the sale of $150$ computer workstations.

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$1$ Record the revenue for the sale of $150$ computer

workstations.

each workstation sold, DGA distributed a $30\%$ discount coupon for any additional future purchases made in the next $12$ months. Based

on historical experience, DGA expects that approximately $20\%$ of the coupons will be utilized, and the goods purchased with the

coupons would normally sell for $$390.$

Required:

$($a$)$ How many performance obligations are in a contract to purchase a computer workstation?

$($b$)$ Prepare a journal entry to record revenue for the sale of $150$ computer workstations, assuming that DGA uses the residual method

to estimate the stand$-$alone selling price of the workstations sold without the discount coupon.

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

How many performance obligations are in a contract to purchase a computer workstation?

Number of performance obligations