answers please

2. Africonnect whose year-end is 31 December provide equipment, installation services as well as maintenance. Customers can purchase any product or service separately or as a bundled package. Mwaka one of the customers purchased a computer equipment, installation and maintenance services for a total cost of K28,800 on November 15, 2019. Estimated standalone fair values of the equipment, installation, and maintenance are K18, 000, KI2, 000, and K6, 000 respectively. The maintenance services covers a period of one year from date of purchase. a) Explain how the revenue under this contract will be recognized and show the Journal entry. b) Assuming that the accountant had included the total of K28, 800 us revenue on November 15, 2019, are there any adjustments that should be made. if so, show the Journal entry 3 Pep stores sells its product to customers with an unconditional sales return if they are not satisfied. On March 15, 2020, a customer purchases K2, 000 of products (cost K1,000). Based on prior experience, Pep estimated that 20% of the products sold under these condition are returned. The sales returns extends 60 days. PePs year-end is 31 March a) Explain how the revenue under this contract will be recognized and show the Journal entry. b) Assuming that the accountant had included the total of K2,000 of revenue on On March 15, 2020 are there any adjustments that should be made? if so, show the Journal entry onning to