Question: Help with Accouting. Thank you very much. Problem 1. Problem 2. Problem 3. Problem 4. E3-3 Identifying Accrual Basis Revenues [LO 3-1, LO 3-2] According

Help with Accouting. Thank you very much.

Problem 1.

Help with Accouting. Thank you very much. Problem 1. Problem 2. Problem

Problem 2.

3. Problem 4. E3-3 Identifying Accrual Basis Revenues [LO 3-1, LO 3-2]

Problem 3.

According to the revenue recognition principle, revenues should be recognized when they

are earned, which happens when the company performs acts promised to the

Problem 4.

customer. For most businesses, this condition is met at the point ofdelivery of goods or services. The following transactions occurred in September For

E3-3 Identifying Accrual Basis Revenues [LO 3-1, LO 3-2] According to the revenue recognition principle, revenues should be recognized when they are earned, which happens when the company performs acts promised to the customer. For most businesses, this condition is met at the point of delivery of goods or services. The following transactions occurred in September For each of the transactions, if revenue is to be recognized in September, indicate the amount Activity Amount A customer paid $8 cash for 8 song files from Apple's iTunes store. Answer from b. c. installation charge is $110 per home. The terms require payment within 30 days of d. AT&T completed the installations described in (c). Answer from AT&T's standpoint e.from AT&T's standpoint. Apple's standpoint Home Depot provided a carpet installation for $1,800 cash. A comparable installation AT&T is scheduled to install digital cable at 2,400 Austin area homes next week. The installation. Answer from AT&Ts standpoint AT&T received payment from customers for the installations described in (c). Answer A customer purchased a ticket from American Airlines in September for $895 cash to travel in December. Answer from American Airlines standpoint

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