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may you please find all the amount of revenue earned in september

a. A poptal ski neawine coenpary receives a tota or s12,345 todiny from subscribers. The subscripsians begin in the neat fsccat yept. Arawet frera the magazine comparys standpoint enrue interest sice due in one yese Answer frorn the banks stendpoint $34,090 for $7.000cash 30 deys of cletwene Answer troin Pvit Corporatishls standpoint. e. PVt coperption compietes production of the sirts descrbed in (d and defvers the order. Answer from PVics stangpoint 9 A cuplover pircheses a viciet fror Amercan Aitises for $790 cash to trave the following Jacuary Answer fiom American Atiness steidpoint. th Cpre - Wacos campecy issues $11 mition in tew com moristock irm ocisistadobint Amazons standpolyt Peauiced: Note: reveouats not recogntred choons Noret? Chesk my work mode : This shows what is correct or incorrect for the work you have completed so fat, it does not indica m. Amazon,com deivers a $300 iamp to a customer who charges the purchase on his Amazon.com Store Card. Answer from Amazon's standpoint. Required: For each of the transactions, if revenue is to be recognired in Septembec, indicate the revenue account otle and amount. Note: H revenue is not recognized choose "None". Revenyes are normaly recognized when a company translers peomised goods or services to eustomers in the amount the comptry expects to be entitied to receive. Fupense recogrition is guided by as atfempt to match the costs associated with the gerierifion of those revenues to the same tme perled. Assume that the following transactions occumes in donuary: a. McGrantha Education uses $3,800 worth of electricity and natural gas in its headouarlers bulding for mhich ie has sot yet been bitled. b. At the beginning of denuary. Tumer Construction Company pays 51.350 for magacine advenaing to nun in monthiy putications. esch of the first three months of the year. c. Dell peys its computer senice technicians $403,000 in solaries for the two wels ended january 7 . Areeer from De fs. standpeint. d. lowa Stote Unibecsity arders 200,000 foethal tickets thom ls printer and prepsys 51340 for the castom peinting. The fint game will be plilyed in September. Anwwer from the intverily's standpoint e. The campus bockstore recelves 500 accounting texsts at a cost of $210 eech. The terms indidhe thet ptyment is due aithin 30 eays of delvery f. During the bst week of Jaruary, the campus bookstore sold 400 accocunting texts necelved in (ef at a sules price of 5290 each. 9. Fucillo Automothe Group pary its melespersons $53,000 in commissions telated to December automoble sples iniaer them Fucliols standpoint. h. On January 3t. Fucllo Automotive Gcbup determines that it wil poy ins salespersens $55,560 in commesiohs relesed ta danuary. saies. The payment will be made in early february. Answer from fucliols standpain. 1. A new gill is received and instwled at a Wendys restaurant at the end of the day en Januay 3t a 512,750 cash prymeti is mide on that day to the grill supply compane. Answer from Wendy's stsadpoint. was purchased during January. At the end of January, 51,400 werth of janitorial supplies remained in etorage. k. An Ermory Univershy employe works eight hours, at $23 per hout, on lamuary 3t howevec payery is not unta february 3 . Answer from the uriversitys poist of view Answer trom Wangs point of view. m. Derek incorporated has its de thery van repeired in denaty foe $600 and charges the amount an accoumt nat been paid to date. Artwer trom Martins stancipont p. Porillos Tax Compory phes a 5595 imvoice trom a consuting firm for services received and recorded in December Answer from Mertins standpoint. P. Parilos Taxi Corppany poys a $595 invoice from a consuting firm for senvices received and recorded in Decten bex. compietes production of 450 men's shits ordered by Macyrs department stores at a cost of 521 eech and defivers the order in January. Answer from PVH Corpocation's standpoint. Requleed: For each of the toansactions, if an expense is to be recegnized in Jumuary, indicate the expense accourt tifie and the ancurt. Mote: If expense li not recognited choose *None? * Answer Is complete but not entlrely correct. Revenuos are normally recognized when the company transfers promised goods or services in the amount the company expects to be entiled to recelve. Assume that the following transactions occurred in September: a. A popular ski magazine company receives a total of $12,345 today from subseribers, The subscriptions begin in the next fiscal year Answer from the magazine company's standpoint. b. On September 1 of the current year, a bank lends $15,000 to a company; the note principal and $1,500;$15,00010 percent annual interest are due in one yeac. Answer from the bonk's standpoint. c. Fucillo Automottve Group (offering a wide variety of car and truck brands) sels a Ford F-150 truck with a list, or "stickee". price of $34,050 for $32,000 cash. d. Macy's department store orders 1,000 men's shirts for $21 each for future delvery from PVH Corporation, manufacturer of izoO. ARROW, Van Heusen, Calvin Kiein, and Tommy Hifiger and other brand-oame opparel. The terms require poyment in full within 30 days of delivery. Answer from PVH Corporation's standpoint. e. PVH Corporation completes production of the shirts described in id and delivers the order. Answer from PVHs standpoint. f. PVH Corporation recelves poyment from Macys for the events described in (of and (f. Answer from PVH's standpoint. 9. A customer purchases a ticket from American Alrines for $780 cash to travel the following January. Answer from Amecican Aitines's standpoint. h. Ford Motor Company issues $15 milion in new common stock. t. Michigan 5 tate University receives $27.440,000 cash for 80,000 seven-game seasen football tickets to be played in the upcoming season. 1. Michigan State ploys the first footbali game refered to in (h) K. Precision Builders signs a contract with a customer for the construction of a new $1,500,000 worehouse. At the signing. Precision recelves a check for $200,000 as a deposit on the future construction. Answer from Precision's standpeint. L Best Buy receives inventory of 100 laptop computers from Deat; Best Buy promises to pay $60,000 within three months. Answer from Delis standpoint. m. Amazon com delivers a $300lamp to a customer who charges the purchase an his Amazoncom Store Card. Answer from Amazon's standpoint. Required: For each of the transactions, if revenve is to be recopnized in September, incicate the rewenue account tite and amoint. Notet If revenue is not recognired choose "None". k. Precision Buidders signs a contract with a customer for the construction of a new $1,500,000 warehouse. At the signing. Precision receives a check for $200,000 as a deposit on the future construction. Answer from Precision's stondpoint. 1. Best Buy receives inventory of 100 laptop computers from Dell, Best Buy promises to pay $60,000 within three months. Answe from Deli's standpoint. m. Amazon.com delivers a $300 lamp to a customer who charges the purchase on his Amazon.com Store Card: Answer from Amazon's standpoint. Required: For each of the transactions, if revenue is to be recognized in September, indicate the revenue account tide and amount. Note: If revenue is not recognized choose "None". a. A poptal ski neawine coenpary receives a tota or s12,345 todiny from subscribers. The subscripsians begin in the neat fsccat yept. Arawet frera the magazine comparys standpoint enrue interest sice due in one yese Answer frorn the banks stendpoint $34,090 for $7.000cash 30 deys of cletwene Answer troin Pvit Corporatishls standpoint. e. PVt coperption compietes production of the sirts descrbed in (d and defvers the order. Answer from PVics stangpoint 9 A cuplover pircheses a viciet fror Amercan Aitises for $790 cash to trave the following Jacuary Answer fiom American Atiness steidpoint. th Cpre - Wacos campecy issues $11 mition in tew com moristock irm ocisistadobint Amazons standpolyt Peauiced: Note: reveouats not recogntred choons Noret? Chesk my work mode : This shows what is correct or incorrect for the work you have completed so fat, it does not indica m. Amazon,com deivers a $300 iamp to a customer who charges the purchase on his Amazon.com Store Card. Answer from Amazon's standpoint. Required: For each of the transactions, if revenue is to be recognired in Septembec, indicate the revenue account otle and amount. Note: H revenue is not recognized choose "None". Revenyes are normaly recognized when a company translers peomised goods or services to eustomers in the amount the comptry expects to be entitied to receive. Fupense recogrition is guided by as atfempt to match the costs associated with the gerierifion of those revenues to the same tme perled. Assume that the following transactions occumes in donuary: a. McGrantha Education uses $3,800 worth of electricity and natural gas in its headouarlers bulding for mhich ie has sot yet been bitled. b. At the beginning of denuary. Tumer Construction Company pays 51.350 for magacine advenaing to nun in monthiy putications. esch of the first three months of the year. c. Dell peys its computer senice technicians $403,000 in solaries for the two wels ended january 7 . Areeer from De fs. standpeint. d. lowa Stote Unibecsity arders 200,000 foethal tickets thom ls printer and prepsys 51340 for the castom peinting. The fint game will be plilyed in September. Anwwer from the intverily's standpoint e. The campus bockstore recelves 500 accounting texsts at a cost of $210 eech. The terms indidhe thet ptyment is due aithin 30 eays of delvery f. During the bst week of Jaruary, the campus bookstore sold 400 accocunting texts necelved in (ef at a sules price of 5290 each. 9. Fucillo Automothe Group pary its melespersons $53,000 in commissions telated to December automoble sples iniaer them Fucliols standpoint. h. On January 3t. Fucllo Automotive Gcbup determines that it wil poy ins salespersens $55,560 in commesiohs relesed ta danuary. saies. The payment will be made in early february. Answer from fucliols standpain. 1. A new gill is received and instwled at a Wendys restaurant at the end of the day en Januay 3t a 512,750 cash prymeti is mide on that day to the grill supply compane. Answer from Wendy's stsadpoint. was purchased during January. At the end of January, 51,400 werth of janitorial supplies remained in etorage. k. An Ermory Univershy employe works eight hours, at $23 per hout, on lamuary 3t howevec payery is not unta february 3 . Answer from the uriversitys poist of view Answer trom Wangs point of view. m. Derek incorporated has its de thery van repeired in denaty foe $600 and charges the amount an accoumt nat been paid to date. Artwer trom Martins stancipont p. Porillos Tax Compory phes a 5595 imvoice trom a consuting firm for services received and recorded in December Answer from Mertins standpoint. P. Parilos Taxi Corppany poys a $595 invoice from a consuting firm for senvices received and recorded in Decten bex. compietes production of 450 men's shits ordered by Macyrs department stores at a cost of 521 eech and defivers the order in January. Answer from PVH Corpocation's standpoint. Requleed: For each of the toansactions, if an expense is to be recegnized in Jumuary, indicate the expense accourt tifie and the ancurt. Mote: If expense li not recognited choose *None? * Answer Is complete but not entlrely correct. Revenuos are normally recognized when the company transfers promised goods or services in the amount the company expects to be entiled to recelve. Assume that the following transactions occurred in September: a. A popular ski magazine company receives a total of $12,345 today from subseribers, The subscriptions begin in the next fiscal year Answer from the magazine company's standpoint. b. On September 1 of the current year, a bank lends $15,000 to a company; the note principal and $1,500;$15,00010 percent annual interest are due in one yeac. Answer from the bonk's standpoint. c. Fucillo Automottve Group (offering a wide variety of car and truck brands) sels a Ford F-150 truck with a list, or "stickee". price of $34,050 for $32,000 cash. d. Macy's department store orders 1,000 men's shirts for $21 each for future delvery from PVH Corporation, manufacturer of izoO. ARROW, Van Heusen, Calvin Kiein, and Tommy Hifiger and other brand-oame opparel. The terms require poyment in full within 30 days of delivery. Answer from PVH Corporation's standpoint. e. PVH Corporation completes production of the shirts described in id and delivers the order. Answer from PVHs standpoint. f. PVH Corporation recelves poyment from Macys for the events described in (of and (f. Answer from PVH's standpoint. 9. A customer purchases a ticket from American Alrines for $780 cash to travel the following January. Answer from Amecican Aitines's standpoint. h. Ford Motor Company issues $15 milion in new common stock. t. Michigan 5 tate University receives $27.440,000 cash for 80,000 seven-game seasen football tickets to be played in the upcoming season. 1. Michigan State ploys the first footbali game refered to in (h) K. Precision Builders signs a contract with a customer for the construction of a new $1,500,000 worehouse. At the signing. Precision recelves a check for $200,000 as a deposit on the future construction. Answer from Precision's standpeint. L Best Buy receives inventory of 100 laptop computers from Deat; Best Buy promises to pay $60,000 within three months. Answer from Delis standpoint. m. Amazon com delivers a $300lamp to a customer who charges the purchase an his Amazoncom Store Card. Answer from Amazon's standpoint. Required: For each of the transactions, if revenve is to be recopnized in September, incicate the rewenue account tite and amoint. Notet If revenue is not recognired choose "None". k. Precision Buidders signs a contract with a customer for the construction of a new $1,500,000 warehouse. At the signing. Precision receives a check for $200,000 as a deposit on the future construction. Answer from Precision's stondpoint. 1. Best Buy receives inventory of 100 laptop computers from Dell, Best Buy promises to pay $60,000 within three months. Answe from Deli's standpoint. m. Amazon.com delivers a $300 lamp to a customer who charges the purchase on his Amazon.com Store Card: Answer from Amazon's standpoint. Required: For each of the transactions, if revenue is to be recognized in September, indicate the revenue account tide and amount. Note: If revenue is not recognized choose "None

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