Please list all of the journal entries for 2022 the ZARA UNIVERSITY Contract. Your company name is PP. See below information: On December 1, PP signed a contract with ZARA University to provide them with 905 scooters, at a price of $655 each. ZARA University chose not to purchase the additional maintenance service. Because PP had a great sales year, they did not have any scooters in stock on December 1. ZARA University offered a bonus plan for early delivery. They will pay a 4% bonus if all scooters are delivered by the end of January, 3% if all scooters are delivered by the end of February, and 2% if all scooters are delivered by the end of March. It believes that it is 45% likely that it can deliver the remaining scooters in January, 40% likely that it will deliver them in February, 10% likely that it will deliver them in March, and 5% likely it will deliver them in April. PP delivered and was paid for 195 scooters during the month of December. Hint: Consider using the “Estimated Bonus" account. The analysis of the first four steps in the revenue recognition process are below:

Please list all of the journal entries for 2022 the ZARA UNIVERSITY Contract. Your company name is PP. See below information: On December 1, PP signed a contract with ZARA University to provide them with 905 scooters, at a price of $655 each. ZARA University chose not to purchase the additional maintenance service. Because PP had a great sales year, they did not have any scooters in stock on December 1. ZARA University offered a bonus plan for early delivery. They will pay a 4% bonus if all scooters are delivered by the end of January, 3% if all scooters are delivered by the end of February, and 2% if all scooters are delivered by the end of March. It believes that it is 45% likely that it can deliver the remaining scooters in January, 40% likely that it will deliver them in February, 10% likely that it will deliver them in March, and 5% likely it will deliver them in April. PP delivered and was paid for 195 scooters during the month of December. Hint: Consider using the “Estimated Bonus" account. The analysis of the first four steps in the revenue recognition process are below:

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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Taylor Construction Inc. signed a contract with FSU to build a student residential building with two million dollars by 2021 August; FSU can only pay 1.8 million dollars if Taylor cannot complete the construction by September 1. According to the consideration of the four transaction price types, which type is for the following transaction?
Please list all of the journal entries for 2022 the ZARA UNIVERSITY Contract. Your company name is PP. See below information: On December 1, PP signed a contract with ZARA University to provide them with 905 scooters, at a price of $655 each. ZARA University chose not to purchase the additional maintenance service. Because PP had a great sales year, they did not have any scooters in stock on December 1. ZARA University offered a bonus plan for early delivery. They will pay a 4% bonus if all scooters are delivered by the end of January, 3% if all scooters are delivered by the end of February, and 2% if all scooters are delivered by the end of March. It believes that it is 45% likely that it can deliver the remaining scooters in January, 40% likely that it will deliver them in February, 10% likely that it will deliver them in March, and 5% likely it will deliver them in April. PP delivered and was paid for 195 scooters during the month of December. Hint: Consider using the "Estimated…
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