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b Bexinco Ltd offers discounted bundled health irsurance packages. Bexinco Lto's...

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Accounting

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Bexinco Ltd offers discounted bundled health irsurance packages. Bexinco Lto's bundled senvice package includes 'joining fee' Which is offered at the inception of the contract and two ongoing services - Dental services' and 'Chiropractic services' over a one- year period. Customer L poys $18,000 upfront, on 1 fuly 2020 . Bexinco Ltd determines that, if it were to charge a separate fee for oxch service if sold separately, the fee would be as follows The end of Bexinco Ltd's reporting period is 30 June. Required a) Preparc the joumsl entry to record this transaction in accordance with AASB ISAFRS 15 at 1 July 2020 (at inception of the agreement). (I mark) b) Prepare journal entries for the year ended 30 lune 2021 . (1 maik)

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