Using your own words, discuss whether the following independent situations below have any violations in their accounting treatments / records. In the case of a violation, suggest an appropriate accounting treatment / record for the situation. Provide supporting reasons in your answers. a. The company practices accrual accounting. It records the full amount of $4,000 as revenue when their customers paid on 1 June 2020. Of the $4,000 received, $1,000 relates to services that the company will complete in July 2020. No further adjustments were made at financial year ending 30 June 2020. b. In the Xero assignment that you have completed in this unit on Whadjuk Dreaming, the company received a 15% trade discount for the five bicycles that were purchased for $8,325 each. Whadjuk Dreaming has recorded the following transactions when the company paid the total in cash: Dr Bicycles 41,625.00 Cr Cash 35,381.25 Cr Discount Received 6,243.75