HELP PLEASE!!!

Proctoring Enabled Test 2 Help Save & Exit 15 Squeaky Shine provides car washing services in Jersey City, New Jersey. A three-month pass for automatic car wash sells for $50, wnich entities the customer for an unlimited number of car washes during the contract period. Squeaky Shine estimates that pass holders wash their cars equally throughout the three-month period. On December ist, customers purchased $1,800 of the three-month passes, with usage of the passes occurring evenly throughout the contract period. Required 1. Prepare the journal entries that Squeaky Shine would record on December 1 and on December 31, 2021, with respect to this transaction 2. State the account titles and amounts that will be included in Squeaky Shine's 2021 income statement and balance sheet. 6 nos 30 Complete this question by entering your answers in the tabs below. book Required 1 Aequired 2 Prepare the journal entries that Squeaky Shine would record on December 1 and December 31, 2021, with respect to this transaction (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Do not found intermediate Calculations.) View transactionist Journal entry worksheet 1 2 > Record the cash transaction on December 01, 2021 No Entert before credits Date General Journal Debit Credit Saved Help Proctoring Enabled: Test 2 16 6 points The Rink offers annual $350 memberships that entitle members to unlimited use of ice skating facilities and locker rooms. Each new membership also entitles the member to receive ten 30% off a $5 meal" coupons that are redeemable at the Rink's snack bar. The Rink estimates that approximately 80% of the coupons will be redeemed, and that, if the coupons weren't redeemed, $5 meals still would be discounted by 5% because of ongoing promotions. Required: Calculate how much of the transaction price should be allocated to each performance obligation in the contract. (Round your answer to 2 decimal places.) Transaction pece Meal lco skating facilities and locker rooms 0135 eBook