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Submit 6-month limited warranty. This warranty guarantees that Creative will cover any costs that arise...

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Accounting

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Submit 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 12.5 points 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 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 an extended warranty 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 10, 2 Next > 0%

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