Company A provides a bundled service offering to Customer B. It charges Customer B $35,000 for initial connection to its network and two ongoing services access to the network for 1 year and on-call troubleshooting advice for that year.

Customer B pays the $35,000 upfront, on 1 July 2014. Company A determines that, if it were to charge a separate fee for each service if sold separately, the fee would be:

Connection fee	$5,000
Access fee	$12,000
Troubleshooting	$23,000

The end of Company As reporting period is 30 June.

Prepare the journal entries to record this transaction in accordance with AASB 118 for the year ended 30 June 2015, assuming Company A applies the relative fair value approach.