contestada

XYZ Enterprise on 1st September, 2019 sold mining equipment to Alaho Quarry. XYZ Enterprise also agreed to service the machine for a two-year period from 1st September, 2019 for no additional charge. The total amount payable by the customer for this arrangement is GHE810,000 if Alaho Quarry pays by 31st January, 2020. The directors of XYZ Enterprise consider it highly probable the customer will pay for the equipment in January, 2010 The stand-alone selling price of the machine was GH€700, 000 and XYZ will normally expect to receive GHe 140,000 in consideration for providing two years' servicing of the equipment. Required: In accordance with IFRS 15: Revenue from Contract with Customers, account for the above transactions in the financial statements of XYX Enterprise for the year ended 30th ekon (7 marks) September, 2019