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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Creative Computing sells a tablet computer called the Role The $860 sales price of a
Book Package includes the following:
One Riola 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 Probaoke-book reader for $140, a price that represents a 50%
discount from the regular robek price 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 Role without the limited warranty, option to purchase a Proback and the
option to purchase an extended warranty, but estimates that if it did so, a rolǝbalone would sell for
$840.
All Prolǝb sales are made in cash.
Prepare a journal entry to record sales of 102,000 Rok Packages (ignore any sales of extended
warranties).
Accounts
Debit
Credit
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