I need to write a report for my Financial Accounting Course and I need to know whether or not the two below points are correctly recorded under ASPE. Please mention journal entries as well.

4.Jeffrey describes his relationship with advertisers as excellent, although he admits that the approaches he uses are sometimes unique. Some of the advertising revenue comes in through the exchange of products or services instead of cash. Advertising revenue is generated through the sale of space on the rink boards, displays on the floor surface, and announcements during the game, etc.For example, one advertiser, ThunderTech, supplied I5 laptops, with a carrying value of $10,000, on the condition that they be given away at specifically scheduled home games during the season, in exchange for an advertising sign on the boards behind the goalie net. The fair value of the advertising given was $15,000. Jeffrey credited $15,000 of revenue and debited $15,000 prepaid advertising on this sale when the transfer took place. As at December 31, there were 10 laptops still on hand. The laptops are expensed, and the prepaid advertising reduced, as they are given away.

5.TBM's largest advertiser is MLES. It has the premier advertising space in centre floor. MLES pays $60,000 per year for this advertising space, which is about $40,000 more than what the space would cost in other minor-league arenas. TBM records advertising revenue each year in the amount of $60,000.