Semester 2 (Teaching Period: 2017), 2020 BUACC3706 Financial Accounting Question 13 (15 marks) In July 2019, Fitzroy Pty Ltd, an organisation involved in the surfing industry, provides two weeks of surfing lessons to a group of middle-aged executives employed by AFL Ply Ltd. The lessons conclude on 15 July 2019. The contract with AFL Pty Ltd requires it to make two deferred payments of $20,000 each to Fitzroy Pty Ltd on 15 July 2020 and 15 July 2021. Fitzroy Pty Ltd typically provides credit arrangements to such customers at a rate of 8 per cent Provide the journal entries for Fitzroy Pty Ltd to account for the revenue to be received from the customer Please write your answer in the grey text box provided below