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 the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. (For calculation purposes, use 5 decimal places as displayed in the factor table provided and round final answers to 0 decimal places, e.g. 5,275.) Carla Vista offers contract BM205, which comprises 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 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, 2020, and customers paid the contract price in cash. The barbecues were delivered and installed on May 15, 2020. Prepare journal entries for Carla Vista for BM205 in April and May 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.)

Date	Account Titles and Explanation	Debit	Credit
April 20, 2020May 15, 2020
April 20, 2020May 15, 2020
	(To record sales)
April 20, 2020May 15, 2020
	(To record cost of goods sold)

The province of Ontario is planning major renovations in its parks during 2020 and enters into a contract with Carla Vista to purchase 445 durable, easy-maintenance, standard charcoal barbecues during 2020. The barbecues are priced at $220 each (with a cost of $175 each), and Carla Vista provides a 6% volume discount if Ontario purchases at least 345 grills during 2020. Carla Vista delivers and receives payment for 325 barbecues on April 17, 2020. Based on prior experience with province of Ontario renovation projects, the delivery of this many barbecues makes it certain that Ontario will meet the volume discount threshold. Prepare the journal entries for Carla Vista for barbecues sold on April 17, 2020, including any volume discounts. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
April 17, 2020
	(To record sales)
April 17, 2020
	(To record contract liability)
April 17, 2020
	(To record cost of goods sold)

On October 1, 2020, Carla Vista sold one of its super deluxe combination gas/charcoal barbecues to a local builder. The builder plans to install it in one of its Parade of Homes houses. Carla Vista accepted a three-year, zero-interest-bearing note with a face amount of $4,792. The barbecue has an inventory cost of $2,430. An interest rate of 10% is an appropriate market rate of interest for this customer. Prepare the journal entries on October 1, 2020, and December 31, 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.)

Date	Account Titles and Explanation	Debit	Credit
October 1, 2020December 31, 2020
	(To record sales)
October 1, 2020December 31, 2020
	(To record cost of goods sold)
October 1, 2020December 31, 2020