1. Revenue Recognition upon Receipt of $210: The $210 subscription price consists of two components:

• Subscription to the newspaper.
• Coupon for a discounted carriage ride.

First, we allocate the transaction price to each performance obligation based on their relative standalone selling prices.

• Standalone selling price of the subscription: $216
• Standalone selling price of the carriage ride discount: $200 * 40% = $80
• Total standalone selling prices: $216 + $80 = $296

The allocation to each component based on their relative standalone selling prices:

• Subscription allocation: $\frac{216}{296}\times 210\approx 153.38\backslash frac\{216\}\{296\}\; \backslash times\; 210\; \backslash approx\; 153.38$
  
• Coupon allocation: $\frac{80}{296}\times 210\approx 56.62\backslash frac\{80\}\{296\}\; \backslash times\; 210\; \backslash approx\; 56.62$
  

So, the revenue recognized upon receipt of $210:

• Subscription: $153.38
• Coupon: $56.62 (but deferred and recognized when the coupon is redeemed or expires)

2. Performance Obligations: There are two performance obligations:

1. Providing the newspaper subscription.
2. Providing the coupon for the discounted carriage ride.

3. Journal Entry for Sale of 14 New Subscriptions:

• Total cash received: $14\times 210=294014\; \backslash times\; 210\; =\; 2940$
• Allocated to subscription revenue: $14\times 153.38\approx 2147.3214\; \backslash times\; 153.38\; \backslash approx\; 2147.32$
  
• Allocated to deferred revenue for coupons: $14\times 56.62\approx 792.6814\; \backslash times\; 56.62\; \backslash approx\; 792.68$
  

The journal entry will be: