Creative Computing sells a tablet computer called the Protab. The $$920$ sales price of a Protab Package includes the following:

One Protab computer.

A $6-$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 $$330,$ a price that represents a $40\%$ discount from the regular Probook price of $$550.$ It is expected that $25\%$ of the discount coupons will be utilized.

A coupon to purchase a one$-$year extended warranty for $$60.$ Customers can buy the extended warranty for $$90$ at other times if they do not use the $$60$ coupon. Creative estimates that $30\%$ 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.$

Required:

& $2.$ Indicate 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.

Prepare a journal entry to record sales of $90,000$ Protab Packages.

Complete this question by entering your answers in the tabs below.

Req $1$ and $2$

Indicate 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.

$\backslash$table$[[$Item Description,$\backslash$table$[[$Performance$],[$Obligation$?]],$Stand$-$Alone Price,$\backslash$table$[[$Percentage of Total$],[$Stand$-$Alone Price$]]]]$

Req $1$ and $2$

Indicate below whether each item is a separate performance obligation and allocate the transaction price of Packages to the separate performance obligations in the contract.

Journal entry worksheet

$1$

Record the sales of $90,000$ Protab Packages.

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[1,,,],[,,,],[,,,],[,,,],[,,,]]$

Creative Computing sells a tablet computer called the Protab. The $$920$ sales price of a Protab Package includes the following:

One Protab computer.

A $6-$month limited warranty. This warranty guarantees that Creative will cover any costs that arise due to repairs or replaceme associated with defective products for up to six months.

A coupon to purchase a Creative Probook e$-$book reader for $$330,$ a price that represents a $40\%$ discount from the regular Pr price of $$550.$ It is expected that $25\%$ of the discount coupons will be utilized.

A coupon to purchase a one$-$year extended warranty for $$60.$ Customers can buy the extended warranty for $$90$ at other time they do not use the $$60$ coupon. Creative estimates that $30\%$ 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.$

Required:

& $2.$ Indicate 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.

Prepare a journal entry to record sales of $90,000$ Protab Packages.

Complete this question by entering your answers in the tabs below.

Req $1$ and $2$

Req $3$

Indicate 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.

$\backslash$table$[[$Item Description,$\backslash$table$[[$Performance$],[$Obligation$?]],$Stand$-$Alone Price,$\backslash$table$[[$Percentage of Total$],[$Stand$-$Alone Price$]]]]$

Complete this question by entering your answers in the tabs below.

Req $1$ and $2$

Indicate below whether each item is a separate performance obligation and allocate the transaction price of $90,000P$ Packages to the separate performance obligations in the contract.

$\backslash$table$[[$Item Description,$\backslash$table$[[$Performance$],[$Obligation$?]],$Stand$-$Alone Price,$\backslash$table$[[$Percentage of Total$],[$Stand$-$Alone Price$]]],[$Protab tablet,Yes,,,$0],[$Limited $6-$month warranty,No$,,,0],[$Option to purchase a Probook,Yes,,,$0],[$Option to purchase extended warranty,No$,$dots,,,$0],[$Total stand$-$alone price,,,$$,0,0\mathrm{.}00\%$