Question: 15.8 Multiple-element arrangement ** LO3, 4 All Star Ltd provides a bundled service offering to Bruce Ltd. It charges Bruce Ltd $28 000 for initial

15.8 Multiple-element arrangement ** LO3, 4 All Star Ltd provides a

15.8 Multiple-element arrangement ** LO3, 4 All Star Ltd provides a bundled service offering to Bruce Ltd. It charges Bruce Ltd $28 000 for initial connection to its network and two ongoing services access to the network for 1 year and 'on-call troubleshooting advice for that year. Bruce Ltd pays the $28 000 upfront, on 1 July 2023. All Star Ltd determines that, if it were to charge a separate fee for each service if sold separately, the fee would be as follows. Connection fee Access fee Troubleshooting $ 5000 9000 18 000 The end of All Star Ltd's reporting period is 30 June. Required Prepare the journal entries to record this transaction in accordance with AASB 15/IFRS 15 for the year ended 30 June 2024, assuming All Star Ltd applies the relative fair value approach. Show all workings

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