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 thlird$-$

party 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 dellvery to the bank

occurred on Aprill $1.$

Required:

How many performance obligations are in this contract?

to $4.$ Prepare the journal entry Gold Examiner would record on March $1,$ March $30,$ and April $1.$

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

How many performance obligations are in this contract? Complete this question by entering your answers in the tabs below.

Prepare the journal entry Gold Examiner would record on March $1,$ March $30,$ and April $1.$

Note: Do not round intermediate calculations. If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the

first account field. Round your final answers to the nearest whole dollar amount.

Journal entry worksheet

Record the receipt of cash by Gold Examiner.

Note: Enter debits before credits. Journal entry worksheet

$(\frac{2}{1})3$

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

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$March $30,2024,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]$ Journal entry worksheet

$1$

$2$

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

Note: Enter debits before credits.

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