HERE Inc, a telecommunications operator, entered into a contract with Mr. X on March 1, 20x7. In line with the contract, Mr. X subscribes for HEREs monthly plan for 12 months and in return Mr. X receives a free cellphone from HERE. Mr. X will pay a monthly fee or P5,000. Mr. X gets the handset immediately after the contract signing.Here sells the same handset for P26,000 and the same monthly plans for P3,250 per month without the handset. Determine the revenue to be recognized by HERE on April 30, 20x7.

On January 1, 20x9, COMPANY B enters into a non-cancellable contract with Y COMPANY for the sale of equipment for P2,100,000. The equipment will be delivered to Y COMPANY on April 1, 20x9. The contract requires Y COMPANY to pay P2,100,000 in advance on February 1, 20x9. Y COMPANY however, made payment on March 1, 20x9. How much is the receivable to be recorded by COMPANY B on March 1, 20x9?

On January 1, 20x9, COMPANY B enters into a non-cancellable contract with Y COMPANY for the sale of equipment for P2,100,000. The equipment will be delivered to Y COMPANY on April 1, 20x9. The contract requires Y COMPANY to pay P2,100,000 in advance on February 1, 20x9. Y COMPANY however, made payment on March 1, 20x9. How much is the receivable to be recorded by COMPANY B on March 1, 20x9?

On January 1, 20x9, COMPANY B enters into a non-cancellable contract with Y COMPANY for the sale of equipment for P2,100,000. The equipment will be delivered to Y COMPANY on April 1, 20x9. The contract requires Y COMPANY to pay P2,100,000 in advance on February 1, 20x9. Y COMPANY however, made payment on March 1, 20x9. When the equipment will be delivered, COMPANY B will: