Creative Computing sells a tablet computer called the Role The $860 sales price of a Book Package includes the following: • One Riolo 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 Pokee-book reader for $140, a price that represents a 50% discount from the regular robotprice of $280. It is expected that 25% of the discount coupons will be utilized. A coupon to purchase a one-year extended warranty for $50. Customers can buy the extended warranty for $50 at other times as well. Creative estimates that 40% of customers will purchase an extended warranty. Creative does not sell the Rookwithout the limited warranty, option to purchase a robe and the option to purchase an extended warranty, but estimates that if it did so, a obalone would sell for $840. All Polosales are made in cash. Prepare a journal entry to record sales of 102,000 Rokok Packages (ignore any sales of extended warranties). Accounts Debit Credit

Creative Computing sells a tablet computer called the Role The $860 sales price of a Book Package includes the following: • One Riolo 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 Pokee-book reader for $140, a price that represents a 50% discount from the regular robotprice of $280. It is expected that 25% of the discount coupons will be utilized. A coupon to purchase a one-year extended warranty for $50. Customers can buy the extended warranty for $50 at other times as well. Creative estimates that 40% of customers will purchase an extended warranty. Creative does not sell the Rookwithout the limited warranty, option to purchase a robe and the option to purchase an extended warranty, but estimates that if it did so, a obalone would sell for $840. All Polosales are made in cash. Prepare a journal entry to record sales of 102,000 Rokok Packages (ignore any sales of extended warranties). Accounts Debit Credit

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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