On 1 January 203, Orchard Limited signed four separate sales contracts with four different customers, details of which, determined at contract inception, are presented below: Note 1. Orchard expects that customer A will pay within the required settlement period of 30 days and will thus qualify for the settlement discount. Note 2. Customer B was offered a rebate, dependent on certain conditions being met. This rebate is considered to be a price reduction. Orchard expects that customer B will comply meet these conditions and thus that the rebate will be granted. The appropriate discount rate, determined at contract inception, is 10%. Required: a) With regard to the contract with customer A, calculate the transaction price, provide the journal/s and briefly explain your answer. b) With regard to the contract with customer B, calculate the transaction price, provide the journal/s and briefly explain your answer. c) With regard to the contract with customer C, calculate the transaction price, provide the journal/s and briefly explain your answer, assuming: i) The effect of financing is considered to be insignificant; ii) The effect of financing is considered to be significant. 24 Chapter 4 GAAP: Graded Questions Revenue from contracts with customers d) With regard to the contract with customer D, calculate the transaction price, provide the journal/s and briefly explain your answer, assuming: i) The effect of financing is considered to be insignificant; ii) The effect of financing is considered to be significant. Ignore loss allowances..