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Question 9 of 10 - / 10 III View Policies Current Attempt in Progress Oriole 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 Oriole products and services. Assume that Oriole 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 decimal places, e.g. 5,275.) Oriole offers contract BM205, which comprises a free-standing gas barbecue for small patio use plus installation to a customer's gas line for a total price of $ 800. On a stand-alone basis, the barbecue sells for $ 700 (cost $ 470), and Oriole estimates that the fair value of the installation service (based on cost-plus estimation) is $175. Oriole signed 9 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 Oriole 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 Ofor the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit April 20, 2020 7200 May 15, 2020 7200 (To record sales) May 15, 2020 Cost of Goods Sold Inventory (To record cost of goods sold) 1 e Textbook and Media List of Accounts The province of Ontario is planning major renovations in its parks during 2020 and enters into a contract with Oriole to purchase 420 durable, easy-maintenance, standard charcoal barbecues during 2020. The barbecues are priced at $ 225 each (with a cost of Question 9 of 10