The following situation is presented in chronological order.

1. Aikan decides to buy a surfboard.

2. He calls Surfi ng Hawaii Co. to inquire about their surfboards.

3. Two days later, he requests Surfi ng Hawaii Co. to make him a surfboard.

4. Three days later, Surfi ng Hawaii Co. sends him a purchase order to fi ll out.

5. He sends back the purchase order.

6. Surfi ng Hawaii Co. receives the completed purchase order.

7. Surfi ng Hawaii Co. completes the surfboard.

8. Aikan picks up the surfboard.

9. Surfi ng Hawaii Co. bills Aikan.

10. Surfi ng Hawaii Co. receives payment from Aikan.

Instructions In a memo to the president of Surfi ng Hawaii Co., answer the following questions.

(a) When should Surfi ng Hawaii Co. record the sale?

(b) Suppose that with his purchase order, Aikan is required to make a down payment.

Would that change your answer to part (a)?