E8

Please answer quickly and clearly, I will give a thumbs up if done soon! - Thank you!

For each of the following separate situations, determine how much revenue is recognized in December (using accrual basis accounting). a. On December 7, Oklahoma City Thunder sold a $122 ticket to a basketball game to be played in March. b. Tesla sold and delivered a $90,000 car on December 25 . The customer will not pay until February. c. Deloitte signs a contract on December 1 to provide 40 days of advisory services with receipt of $42,000 due at the end of the contract. On December 31,75% of the services have been completed