Wisconsin Corporation sells computers to students for $1,200…
Wisconsin Corporation sells computers to students for $1,200 per computer. Students can elect to purchase an extended protection plan. This protection plan is for two years from the date of purchase. Wisconsin sells the protection plans for $150 per plan. On June 30, 2024, Wisconsin sells 20 computers. Five of the customers purchased the extended protection plan. Wisconsin estimates that it will spend $50 for each computer covered by the extended protection plan. What journal entry(ies) should Wisconsin Corporation record on June 30, 2024?