On may 1, 2016, meta computer, inc., enters into a contract to sell 5,000 units of comfort office keyboard toone of its clients, bionics, inc., at a fixed price of $95,000, to be settled by a cash payment on may 1. deliveryis scheduled for june 1, 2016. as part of the contract, the seller offers a 25% discount coupon to bionics for anypurchases in the next six months. the seller will continue to offer a 5% discount on all sales during the same timeperiod, which will be available to all customers. based on experience, meta computer estimates a 50% probabilitythat bionics will redeem the 25% discount voucher, and that the coupon will be applied to $20,000 of purchases. the stand-alone selling price for the comfort office keyboard is $19.60 per unit.1. how many performance obligations are in this contract? 2. prepare the journal entry that meta would record on may 1, 2016.3. assume the same facts and circumstances as above, except that meta gives a 5% discount option to bionicsinstead of 25%. in this case, what journal entry would meta record on may 1, 2016?

Selected t-account balances for bloomfield company are shown below as of january 31, which reflect its accounting adjustments. the firm uses a calendar-year accounting period, but prepares monthly accounting adjustments.suppliesjan. 31 bal. 1,800 1,800 jan. 31 bal.supplies expensejan. 31 bal. 1,920 1,148 jan. 31 bal.prepaid insurancejan. 31 bal. 1,148 1,148 jan. 31 bal.insurance expensejan. 31 bal. 164 164 jan. 31 bal.wages payablejan. 31 bal. 1,400 1,400 jan. 31 bal.wages expensejan. 31 bal. 6,400 6,400 jan. 31 bal.truckjan. 31 bal. 17,376 17,376 jan. 31 bal.accumulated depreciation -truckjan. 31 bal. 5,068 5,068 jan. 31 bal.a. if the amount in supplies expense represents the january 31 adjustment for the supplies used in january, and $1,240 worth of supplies were purchased during january, what was the january 1 beginning balance of supplies? $answerb. the amount in the insurance expense account represents the adjustment made at january 31 for january insurance expense. if the original insurance premium was for one year, what was the amount of the premium, and on what date did the insurance policy start? amount of the premium $answerthe policy began on answerjune 1july 1august 1september 1october 1november 1 of the previous year.c. if we assume that no beginning balance existed in either in either wage payable or wage expense on january 1, how much cash was paid as wages during january? $answerd. if the truck has a useful life of four years (or 48 months), what is the monthly amount of depreciation expense, and how many months has bloomfield owned the truck? answermonths