Saved Help Save & Exit Submit Check my work Creative Computing sells a tablet computer called the Protab. The $920 sales price of a Frotab Package includes the following; . One Protab computer. . A six-month limited warranty. This warranty guarantees that Creative will cover any costs that arise due to repairs or replacements associated with defective products for up to six months. . A coupon to purchase a Creative Probook e-book reader for $400, a price that represents a 50% discount from the regular Probook price of $800. It is expected that 25% of the discount coupons will be utilized. . A coupon to purchase a one-year extended warranty for $60. Customers can buy the extended warranty for $60 at other times as well. Creative estimates that 35% of customers will purchase an extended warranty. . Creative does not sell the Protab without the limited warranty. option to purchase a Probook, and the option to purchase an extended warranty, but estimates that if it did so. a Protab alone would sell for $900. All Protab sales are made in cash. Required: 1. & 2. Indicated below whether each item is a separate performance obligation and allocate the transaction price of 90,000 Protab Packages to the separate performance obligations in the contract. 3. Prepare a journal entry to record sales of 90,000 Protab Packages (ignore any sales of extended warranties). Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Prepare a journal entry to record sales of 90,090 Protab Packages (ignore any sales of extended warranties). Note: If no entry is required for a transaction/event, select "No journal entry required" In the first account field. IQUOT AM Links to search g 78"FHOURSM.BUS ( * M Question 7 -E X M Question 2 - V x M Questions . * M Question2 -W x 3 Course Hero X| [Solves] Bram X + entombeducation.com/ext/map/index.html?_con=conkexternal_browser=0@launchUrl=https16253431252F96252FImrs.mheducation.com%252Fmghmiddle. we Exam 2 8 Saved Help Save & Exit Submit 7 Check my work 3. Prepare a journal entry to record sales of 90,000 Protab Packages (ignore any sales of extended warranties). Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Indicated below whether each item is a separate performance obligation and allocate the transaction price of 90,000 Protab Packages to the separate performance obligations in the contract item Description Performance Obligation? Stand-Along Price Percentage of Total Stand-Alone Price Protab computers $ 81.000.000 Limited six-month warranty No Option to purchase a Probook Yes 9,000,000 Option to purchase extended warranty No Total stand alone price 10,000.000 Percentage of Total Stand- Total Transaction ABlocated Contract Hem Description Alone Price Price Price Protab computers $ 42,800,000 74.530 000 Limited six-month warranty Option to purchase a Probook 10% 82,800,000 42801000 Option to purchase extended warranty 12.8001000 Total contract price Grav Type here to search Hi Links 78"F( 2PM-BUS. * M Quration 7 - L x M Question2-V x | M Questiond - V X | M Question 2 -V x | D Course Hero * (Solved] Brang X + - > C extomheducation.com/ext/map/index.html?_con=contexternal_browser=05launchUrl=https%2534%6252836252FIms.mheducation.com6252Fmghride_.# Exam 2 0 Help Save & Exit Submi Check my wa 7 3. Prepare a journal entry to record sales of 90,000 Protab Packages (Ignore any sales of extended warranties). Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Prepare a journal entry to record sales of 90,000 Protab Packages (ignore any sales of extended warranties]. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list View journal entry worksheet No Transaction General Journal Debit Credit Cash 87 5001000 Sales revenue 74,820,009 Deferred revenue - coupons 8.260 040 MC Links 7B'F Type here to search