Answer Happy

Allocate Transaction Price, Discounts, Time Value.
Chef Grill Company sells outdoor grilling products, providing
gas and charcoal grills, accessories, and installation services for
custom patio grilling stations.
Instructions
Respond to the requirements related to the following independent
revenue arrangements for Chef Grill products and services.
Chef Grill offers contract MG100 which is comprised of a
free-standing gas grill for small patio use plus installation to a
customer’s gas line for a total price 7000 AED. On a standalone
basis, the grill sells for 6000 AED (cost 3500 AED), and Chef Grill
estimates that the fair value of the installation service (based on
cost-plus estimation) is 1500 AED. Chef Grill signed 15 MG100
contracts on May 30, 2021, and customers paid the contract price in
cash. The grills were delivered and installed on June 15,
2021. Prepare journal entries for Chef Grill for
MG100 in May and June 2021.
NOTE: Do it please in a Journal Entry type
please