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Q5 7 Points Q5.1 4 Points Golden Ltd provides a bundled network connection service to Silver Ltd. Silver Ltd pays $40.000 upfront for the bundled

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Q5 7 Points Q5.1 4 Points Golden Ltd provides a bundled network connection service to Silver Ltd. Silver Ltd pays $40.000 upfront for the bundled service on 1 November 2020. The stand-alone selling price for each service is as follows: Connection fee: $20,000 Access fee to the network for 1 year: $20,000 On call service for 1 year: $10,000 Required: List all journal entries associated with the above transaction for Golden Ltd in accordance with AASB 15 Revenue from contracts with customers on 1 November 2020 and for the year ended 30 June 2021 Please select fide(s) Select filets) Q5.2 3 Points On 1 June 2020, Beta Ltd enters into a contract with Alpha Ltd to manufacture 1,000 dining tables at $200 each. The tables are shipped on 1 July 2020. To honour Alpha Ltd as a loyal Q5.2 3 Points On 1 June 2020, Beta Ltd enters into a contract with Alpha Ltd to manufacture 1,000 dining tables at $200 each. The tables are shipped on 1 July 2020. To honour Alpha Ltd as a loyal customer, Beta Ltd allows Alpha Ltd to divide the total payments into two equal payments without charging any interests. The first payment is made on 30 June 2021 and the second payment is made on 30 June 2022. The cost of manufacturing a laptop is $150. Implicit interest rate is 5% Required: List all journal entries that Beta Ltd needs to make to account for the above transaction on 1 July 2020, in accordance with AASB15 Revenue from contracts with customers

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