Carla Vista Company sells total outdoor barbecue solutions, providing gas and charcoal barbecues, accessories, and installation services for custom patio barbecue stations. Respond to the requirements related to the following independent revenue arrangements for Carla Vista products and services. Assume that Carla Vista follows IFRS. Click here to view Table A.2 - PRESENT VALUE OF 1- (PRESENT VALUE OF A SINGLE SUM) (a) Your answer is partially correct. Carla Vista offers contract BM205, which consists of a free-standing gas barbecue for small patio use plus installation to a customer's gas line for a total price of $960. On a stand-alone basis, the barbecue sells for $850 (cost $435), and Carla Vista estimates that the fair value of the installation service (based on cost-plus estimation) is $150. Carla Vista signed 12 BM205 contracts on April 20, 2023, and customers paid the contract price in cash. The barbecues were delivered and installed on May 15. 2023. Prepare journal entries for Carla Vista for BM205 in April and May 2023, (Credit c 1,597

Carla Vista Company sells total outdoor barbecue solutions, providing gas and charcoal barbecues, accessories, and installation services for custom patio barbecue stations. Respond to the requirements related to the following independent revenue arrangements for Carla Vista products and services. Assume that Carla Vista follows IFRS. Click here to view Table A.2 - PRESENT VALUE OF 1 - (PRESENT VALUE OF A SINGLE SUM) (a) Your answer is partially correct. Caria Vista offers contract BM205, which consists of a free-standing gas barbecue for small patio use plus installation to a customers gas line for a total price of $960. On a stand-alone basis, the barbecue selis for $850 (cost \$435), and Carla Vista estimates that the fair value of the instaltation service (based on cost-plus estimation) is $150. Carla Vista signed 12 BM 205 2023. Prepare journal entries for Carla Vista for 8M contract price in cash. The barbecues were delivered and installed on M ay 15 atwe fe mons