On March $1,2024,$ Gold Examiner receives $$169,000$ from a local bank and promises to deliver $95$ units of certified $1-$ounce gold bars on a future date. The contract states that ownership passes to the bank when Gold Examiner delivers the products to Brink's, a thirdparty carrier. In addition, Gold Examiner has agreed to provide a replacement shipment at no additional cost if the product is lost in transit. The stand$-$alone price of a gold bar is $$1,710$ per unit, and Gold Examiner estimates the stand$-$alone price of the replacement insurance service to be $$90$ per unit. Brink's picked up the gold bars from Gold Examiner on March $30,$ and delivery to the bank occurred on April $1.$

Required:

How many performance obligations are in this contract?

$2$ t

Journal entry worksheet

$1$

$2$

$3$

Record the receipt of cash by Gold Examiner.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$March $01,2024,,,],[,,,],[,,,],[,,,],[,,,]]$o $4.$ Prepare the journal entry Gold Examiner would record on March $1,$ March $30,$ and April $1.$

$2.$ Record any necessary entry when Brink's has picked up the gold bars from Gold Examiner.

$3.$ Record any necessary entry upon delivery of the gold bars to the bank.