Q5.1 4 Paints Pocky Lors provides a bundled service offering to Customer A. Rocky charges Customer A $70 go for its connection to store and two ongoing services.coss to the work for two years and call troubleshooting advice for two years (endine 30 June 2022 Customet A pays the 570 000 upronton tuy 2020. Rocky determines that it were to charge a separate fee for each service if sold separately, the fee would be Connection fee: $10000 Accessful $24000 Advice fee 546000 Prepare the journals to count for the action on 1 July 2020 and for the year anded 30 June 2021 in accordance with ASOS Revenue tom Contracts with customers Q5.2 4 Points Home Partiture Pty Ltdl rum a promation Selting furniture under the following conditions . Intial deposit of 20% of purchase price immediate delivery of furniture Interest rate of 12.5. pe charged on the outstanding balance Repayment of the hace finding the interesave 2 agus martyrstament Horse Furniture retains legate to the furniture until the final monthly payment has been Required Discuss how Home Furniture would recognise revenue and explains why. Q5.1 4 Points Rocky Ltd provides a bundled service offering to Customer A. Rocky charges Customer A $70 000 for initial connection to its network and two ongoing services access to the network for two years and on-call troubleshooting' advice for two years (ending 30 June 2022). Customer A pays the $70 000 upfront, on 1 July 2020. Rocky determines that, if it were to charge a separate fee for each service if sold separately, the fee would be: Connection fee: $10 000 Access fee: $24 000 Advice fee: $46 000 Required: Prepare the journal entries to account for this transaction on 1 July 2020 and for the year ended 30 June 2021 in accordance with AASB 15 Revenue from Contracts with Customers. Q5.2 4 Points Home Furniture Pty Ltd runs a promotion selling furniture under the following conditions: Initial deposit of 20% of purchase price. Immediate delivery of furniture. Interest rate of 12.5% pa charged on the outstanding balance. Repayment of the balance (including the interest) over 24 equal monthly instalments. Home Furniture retains legal title to the furniture until the final monthly payment has been made. . Required: Discuss how Home Furniture would recognise revenue and explain why