In each of the following situations, state at which date, if any, revenue will be recognised.

1. A contract for the sale of goods is entered into on 1 May 2024. The goods are delivered on 15 May 2024. The buyer pays for the goods on 30 May 2024. The contract contains a clause that entitles the buyer to rescind the purchase at any time. This is in addition to normal warranty conditions.

2. A contract for the sale of goods is entered into on 1 May 2024. The goods are delivered on 15 May 2024. The buyer pays for the goods on 30 May 2024. The contract contains a clause that entitles the buyer to return the goods up until 30 June 2024 if the goods do not perform according to their specification.

3. A contract for the sale of a smart bidet toilet seat to customers. The sale includes installation of the smart bidet to the toilet seat. The payment was received on 1 June 2024 and the good is delivered on 6 June 2024. The installation was completed on 8 June 2024.

4. A contract for the sale of goods is entered into on 1 May 2024. The goods are delivered on 15 May 2024. The contract contains a clause that states that the buyer shall pay only for those goods that it sells to a third party for the period ended 31 August 2024. Any goods not sold to a third party by that date will be returned to the seller.

5. Retail goods are sold with normal provisions allowing the customer to return the goods if the goods do not perform satisfactorily. The goods are invoiced on 1 May 2024 and the customer pays cash for them on that date.

6. Retail goods are sold with normal warranty provisions, as required by law, allowing the customer to return the goods within a 12-month period if the goods do not perform satisfactorily. Customers are also given an option to purchase the warranty for an extended period of up to 24 months with an extra cost. The goods are invoiced on 1 May 2024 and the customer pays cash for them on that date.

7. Honey Ltd sells goods to Customer K on 18 May 2023 with the condition that it must install the goods at the premise of the customer. The installation (including testing)
will require three days and is a major condition.