## Answers

**Answer:**

**1 & 2)**

The completed tables are provided as below:

Item Description | Performance Obligation? | Stand Alone Price | Percentage of Total Stand Alone Price |

Protab Computers | Yes | $76,000,000 (80,000*950) | 93% (76,000,000/82,000,000*100) |

Limited-6 Month Warranty | No | 0 | |

Probook Discount Vouchers | Yes | $6,000,000 (80,000*375*20%) | 7% (6,000,000/82,000,000*100) |

Option to Purchase a Probook | No | 0 | |

Total Stand alone Price | $82,000,000 | 100% |

____

Item Description | Percentage of Total Stand Alone Price | Total Transaction Price | Allocated Contract Price | |

Protab Computers | 93% | X | $77,600,000 (80,000*970) | $72,168,000 |

Limited-6 Month Warranty | ||||

Probook Discount Vouchers | 7% | X | $77,600,000 (80,000*970) | $5,432,000 |

Option to Purchase a Probook | ||||

Total Contract Price | $77,600,000 |

____

3)

The journal entry is provided as below:

Account Titles | Debit | Credit |

Cash | $77,600,000 | |

Sales Revenue | $72,168,000 | |

Deferred Revenue - Discount Option | $5,432,000 | |

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