Question: Please help me solve BUNDLE B my journal entries are all wrong Problem 18-1 Culver Company sells tablet PCs combined with Internet service, which permits
Please help me solve BUNDLE B my journal entries are all wrong


Problem 18-1 Culver Company sells tablet PCs combined with Internet service, which permits the tablet the Internet anywhere and set up a Wi-Fi hot spot. It offers two bundles with the following terms. connect 1. Culver Bundle A sells a tablet with 3 years of Internet service. The price for the tablet and a 3-year Internet connection service contract is $485. The standalone selling price of the tablet is $256 (the cost to Culver Company is $165) Culver Company sells the Internet access service independently for an upfront payment of $280. On January 2, 2017, Culver Company signed 100 contracts, receiving a total of $48,500 in cash. the tablet or the Internet connections) during the 3-year contract period. That product bundle sells for $578. $155. Culver Company sianed 200 contracts for Culver Bundle B on July 1, 2017. receiving a total of $115.600 in cash 2. Culver Bundle includes the tablet and Internet service plus a service plan for the tablet PC (for any repairs or upgrades Culver Company provides the 3-year tablet service plan as a separate product with a standalone sellling price c Prepare any journal entries manually. If no entry record the revenue arrangement for Culver Bundle B on July 1, 2017, and December 31, 2017. (Credit account titles are automatically indented when the amount is entered. Do not indent required, select "No entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e.g. 5,125.) Account Titles and Explanation Date Debit Credit Jul. 1, 2017 Cash 115,600 Unearned Service Revenue - Internet 46,842 Unearned Service Revenue Maintenance 25,931 Sales Revenue 42.827 (To record sales) Cost of Goods Sold 33,000 Inventory 33.000 (To record cast of goods sold) Dec. 31, 2017 Unearned Service Revenue Internet 7,807 Unearned Servi ue Maintenance Rev 4.322 Service Revenue 12,267 Problem 18-1 Culver Company sells tablet PCs combined with Internet service, which permits the tablet the Internet anywhere and set up a Wi-Fi hot spot. It offers two bundles with the following terms. connect 1. Culver Bundle A sells a tablet with 3 years of Internet service. The price for the tablet and a 3-year Internet connection service contract is $485. The standalone selling price of the tablet is $256 (the cost to Culver Company is $165) Culver Company sells the Internet access service independently for an upfront payment of $280. On January 2, 2017, Culver Company signed 100 contracts, receiving a total of $48,500 in cash. the tablet or the Internet connections) during the 3-year contract period. That product bundle sells for $578. $155. Culver Company sianed 200 contracts for Culver Bundle B on July 1, 2017. receiving a total of $115.600 in cash 2. Culver Bundle includes the tablet and Internet service plus a service plan for the tablet PC (for any repairs or upgrades Culver Company provides the 3-year tablet service plan as a separate product with a standalone sellling price c Prepare any journal entries manually. If no entry record the revenue arrangement for Culver Bundle B on July 1, 2017, and December 31, 2017. (Credit account titles are automatically indented when the amount is entered. Do not indent required, select "No entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e.g. 5,125.) Account Titles and Explanation Date Debit Credit Jul. 1, 2017 Cash 115,600 Unearned Service Revenue - Internet 46,842 Unearned Service Revenue Maintenance 25,931 Sales Revenue 42.827 (To record sales) Cost of Goods Sold 33,000 Inventory 33.000 (To record cast of goods sold) Dec. 31, 2017 Unearned Service Revenue Internet 7,807 Unearned Servi ue Maintenance Rev 4.322 Service Revenue 12,267
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