Revenue - 10 Marks On 30 September 2020, Sarah Ltd provided a personal coaching service package to Ms A. Customer, consisting of an initial in-person consultation and follow up telephone support (up to 6 hours per month) for a two-year period. Ms A. Customer paid $2,000 upfront for this package on 30 September 2020 when they had their initial consultation. Sarah Ltd charges $600 for an initial in-person consultation and $100 per month for telephone support (up to 6 hours per month) when these services are sold separately. This Question has two parts: Part (a) (4 Marks) and Part (b) (6 Marks) Required: Part (a) Determine how much of the transaction price should be allocated to each of the performance obligations. Show your calculations. 4 Marks 7 A ! Accounting for Income Part (b) Prepare the journal entries to record this transaction in accordance with AASB 15 for the year ended 30 June 2021. 6 Marks 7 A B 1 $ ! Enter your answers in the Journal Template below: Date Details Debit Credit