Q5 Revenue 9 Points Q5.1 4 Points Beta Ltd manufactures laptops. Cellar Ltd routinely buys laptops from Beta Ltd. On 1 June 2020, Beta Ltd enters into a contract with Cellar Ltd to manufacture 100 laptops at $1500 each. The laptops are shipped on 1 July 2020. To honour Cellar Ltd as a loyal customer, Beta Ltd allows Cellar Ltd to make the payment in 2 years' time without charging any interests. The cost of manufacturing a laptop is $900. Implicit interest rate is 5%. Required: Prepare journal entries that Beta Ltd needs to make to account for the above transaction at 1 July 2020 Please select files) Select file(s) Q5.2 5 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 file(s) Select files)