Question
thank u so much !!!!!! On 30 Nonmember 2020. Henderson Ltd provided life coaching service package to A. customer, consisting of an initial in-person consultation
thank u so much !!!!!!
On 30 Nonmember 2020. Henderson Ltd provided life coaching service package to A. customer, consisting of an initial in-person consultation and follow up telephone support(up yo5 hours per month) for a one-year period. A. Customer paid 650 upfront for this package on 30 November 2020 when he/she had his/her initial consultation. Henderson Ltd usually charges 200 for an initial in- person consultation and 50 per month for telephone support(up to 5 hours per month) when these service are sold separately.
Determine how much of the transaction price should be allocated to each of the performance obligations. Show your caculation.
Prepare the journal entries to record this transaction in accordance with AASB15 for the year ended 30 June 2021
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