Translation of consulting service expense  LO3, 6, 7 Orstralia Ltd is an Australian company that receives management consulting services from Spin Incorporated. On 15 June 2020, Orstralia Ltd received an invoice from Spin Incorporated amounting to US$5 million for services provided over the period 1 January 2020 to 31 May 2020. On 15 July 2020, Orstralia Ltd paid the invoice. The functional currency of Orstralia Ltd is A$ and its financial year ends on 30 June. Applicable exchange rates are as follows. 1 Jan. 2020 A$1 = US$0.70 31 May 2020 A$1 = US$0.64 Average 1 Jan. 2020 to 31 May 2020 A$1 = US$0.65 15 June 2020 A$1 = US$0.62 30 June 2020 A$1 = US$0.60 15 July 2020 A$1 = US$0.58 Required Prepare the entries of Orstralia Ltd to record the effects of the management fee transaction in accordance with AASB 121/IAS 21.