qns: HLS does not use subsidiary ledgers in its accounting system. Prepare a journal entry, without date and narration, to record the sale of the promotional package to 50 new customers and the payment made by these customers on 1 January 2019. Round your answers to the nearest dollar.

(1) Customers pay $200, before accounting for 7% GST, as an upfront fee to become a HLS member. This membership allows customers to gain unlimited lounge access to HLS wellness centers with free beverages for a 12-month period. HLS sells access to its lounge at the wellness centers for $50 per month, before accounting for 7% GST. (2) Customers pay an annual treatment fee of $1,800, before accounting for 7% GST. The annual treatment fee is payable upon signing up for the promotional package. However, the company allows the customers to pay in two installments without any finance charges. The first installment of $1,000 plus 7% GST is to be paid immediately upon signing up for the promotional package. The remaining installment is billed by HLS upon joining and is due for payment 6 months later. (3) Customers are entitled to two sessions of TCM treatment each month for a year. As HLS believes that effective TCM treatments should be performed on a regular basis, any unused treatment sessions for each month would expire immediately. As a stand-alone service, HLS charges $80 for each session of TCM treatment, before accounting for 7% GST. (4) Customers are entitled to 12 TCM massage sessions. As massage sessions are best utilized when necessary, HLS allows customers to use the 12 sessions of massage anytime within the package validity period of 12 months. HLS charges $100 for each TCM massage session, before accounting for 7% GST. (5) Customers are entitled to one $50 gift voucher to be used in HLS retail stores. The $50 gift voucher, which has a one-year validity, can be used to buy any product that exceeds $100 in HLS retail stores. As TCM treatment requires supplements to boost life vitality, HLS expects most customers to use the $50 gift voucher in the retail stores. (6) Customers are given a one-time priority registration to HLS's highly popular health workshops hosted by MediaCorp celebrities. HLS charges the same rate of $50 per workshop, before accounting for 7% GST, to both package customers and the public. HLS expects almost all of the customers to take up this priority registration offer. The new customers are mainly stressed out business executives in their late 30s and early 40s and have the financial capability to pay both the two installments listed above. The company's financial year ends on 31 March. On average, each customer has used 4 TCM massage sessions as at 31 March 2019. Based on prior experience, HLS expects each customer, on average, to utlitise another 6 massage sessions within the package validity period. (1) Customers pay $200, before accounting for 7% GST, as an upfront fee to become a HLS member. This membership allows customers to gain unlimited lounge access to HLS wellness centers with free beverages for a 12-month period. HLS sells access to its lounge at the wellness centers for $50 per month, before accounting for 7% GST. (2) Customers pay an annual treatment fee of $1,800, before accounting for 7% GST. The annual treatment fee is payable upon signing up for the promotional package. However, the company allows the customers to pay in two installments without any finance charges. The first installment of $1,000 plus 7% GST is to be paid immediately upon signing up for the promotional package. The remaining installment is billed by HLS upon joining and is due for payment 6 months later. (3) Customers are entitled to two sessions of TCM treatment each month for a year. As HLS believes that effective TCM treatments should be performed on a regular basis, any unused treatment sessions for each month would expire immediately. As a stand-alone service, HLS charges $80 for each session of TCM treatment, before accounting for 7% GST. (4) Customers are entitled to 12 TCM massage sessions. As massage sessions are best utilized when necessary, HLS allows customers to use the 12 sessions of massage anytime within the package validity period of 12 months. HLS charges $100 for each TCM massage session, before accounting for 7% GST. (5) Customers are entitled to one $50 gift voucher to be used in HLS retail stores. The $50 gift voucher, which has a one-year validity, can be used to buy any product that exceeds $100 in HLS retail stores. As TCM treatment requires supplements to boost life vitality, HLS expects most customers to use the $50 gift voucher in the retail stores. (6) Customers are given a one-time priority registration to HLS's highly popular health workshops hosted by MediaCorp celebrities. HLS charges the same rate of $50 per workshop, before accounting for 7% GST, to both package customers and the public. HLS expects almost all of the customers to take up this priority registration offer. The new customers are mainly stressed out business executives in their late 30s and early 40s and have the financial capability to pay both the two installments listed above. The company's financial year ends on 31 March. On average, each customer has used 4 TCM massage sessions as at 31 March 2019. Based on prior experience, HLS expects each customer, on average, to utlitise another 6 massage sessions within the package validity period