Norlane entrusts a subcontractor with developing a diagnostic tool. On 1 October 20X1, it gathers for the first time all the evidence required for the development phase. The subcontractor's invoices, all unpaid at the year-end, total 60,000 for work before that date and 90,000 for work after it. Record the summary entry for 20X1.
- Work invoiced before 1 October 20X1
- 60,000
- Work invoiced from 1 October 20X1
- 90,000