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Q5.2 3 Points On1 June 2020, Beta Ltd enters into a contract with Alpha Ltd to manufacture 1,000 dining tables at $200 each. The tables

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Q5.2 3 Points On1 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 dinde 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 joumal 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. Please select files Select files)

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