Question: ONLY ANSWER 2 C PLEASE! 2. Assume F&S offers a Fit 50 coupon book with 50 prepaid visits over the next year. F&S has learned

ONLY ANSWER 2 C PLEASE!
ONLY ANSWER 2 C PLEASE! 2. Assume F\&S offers a "Fit 50"

2. Assume F\&S offers a "Fit 50" coupon book with 50 prepaid visits over the next year. F\&S has learned that Fit 50 purchasers make an average of 40 visits before the coupon book expires. A customer purchases a Fit 50 book by paying $500 in advance and for any additional visits over 50 during the year after the book is purchased, the customer can pay a $15 visitation fee per visit. F\&S typically charges $15 to nonmembers who use the facilities for a single day. o. \& b. Indicate below whether each item is a separate performance obligation. For each separate performance obligation you have indicated, allocate a portion of the contract price c. Prepare the journal entry to recognize revenue for the sale of a new Fit 50 book. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Prepare the journal entry to recognize revenue for the sale of a new Fit 50 book. Note: If no entry is required for a transaction/event, select "No joumal entry required" in the first account field

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