P18-2

(a)
January 2, 2017 Cash € 4,800.00
Unearned Service Revenue € 4,800.00
(40x€120)
December 31, 2017 Unearned Service Revenue € 3,870.00
Service Revenue € 3,870.00
(€15.480/4)

Consideration for service not yet delivered under original contract

Consideration for products to be delivered under the contract modification
Total remaining revenue
Revenue per remaining unit (€15.480/4)

(b)
Tablet € 250.00
Internet service € 286.00
Tablet service € 160.00
Total estimated fair value € 696.00

Alocation:
Tablet (250/696X600) € 215.52
Internet service (286/696X600) € 246.55
Tablet service (160/696X600) € 137.93
Total Revenue € 600.00

January 2, 2015 Cash (20.000+62.890*) € 82,890.00

Notes Receivable € 43,200.00
Discount on Notes Receivable € 6,090.00
Unearned Service Revenue - Internet € 49,310.34
Unearned Service Revenue - Tablet € 27,586.21
Sales Revenue € 43,103.45

Cost of Goods Sold € 35,000.00

Inventory € 35,000.00
€ 10,680.00
€ 4,800.00
€ 15,480.00
€ 3,870.00

*) Cash received on 200 contracts

Total contract price (200x600)
Less:
Upfront payment of internet service
PV of the Notes Receivable
€ 120,000.00
€ 20,000.00
€ 37,110.00
€ 62,890.00
(a)
Kewajiban mengenai warranty:
1. Mengirimkan 70 winch seharga HK$21.000 yang telah dipesan oleh pelanggan
2. Menyediakan garansi untuk 20 unit winch senilai HK$8.000 (20 X HK$400)

Kewajiban mengenai program loyalitas pelanggan:

1. Mengirimkan barang yang telah dipesan
2. Mengirimkan barang yang akan dibeli oleh pelanggan memalui program loyalitas pelanggan

(b)
Cash 29,000
Warranty Expense 2,100
Warranty Liability 2,100
Unearned Warranty Revenue (200 X HK$400) 8,000
Sales Revenue 21,000
Cost of Goods Sold 16,000
Inventory 16,000
(c)
Standalone Selling Price:
Purchased Products 100,000
Estimated points to be redeemed 9,500
Total 109,500

Allocation:
Products (100.000/109.500x100.000) 91,324
Installation (9.500/109.500x100.000) 8,676
Total 100,000

-Journal-
Cash 100,000
Liability to Bonus Point Customers 8,676
Sales Revenue 91,324
Cost of Goods Sold 55,000
Inventory 55,000

(d)
Additional Sales Revenue = 4.500/9.500 x 8.676
= 4.110