1. Costco sells you a one-year membership with a single, one-time upfront payment. This non-refundable fee is paid at the time of signing the contract, and entitles you to shop at Costco for one year. 2. DOT Home and Patio sells you patio furniture on a "no money down, no interest, and no payments for one year" promotional deal. The furniture is delivered to your home the same day. 3. The Toronto Blue Jays sell season tickets on-line to games in the Rogers Centre. Fans can purchase the tickets at any time, although the season does not offi cially begin until April 1. The season runs from April 1 through October each year. Payment is due in full at the time of purchase. 4. CIBC lends you money in August. The loan and interest are repayable in full in two years. 5. Students pre-register for fall classes at Seneca College in August. The fall term runs from September to December 6. Sears sells you a sweater. In August, you place the order using Sears on-line catalogue. The sweater is shipped and arrives in September and you charge it to your Sears credit card. In October, you receive the Sears credit card statement and pay the amount due The extended warranty plans are normally sold separately. approximates the cost of the medical assessment. 7. In March, Hometown Appliances sells a washing machine with an extended warranty plan for five years. The washing machine will not be delivered to the customer until June. Payment is due upon delivery. 8. Premier Health Clubs sells you a membership with an initiation fee (which covers a medical assessment) and an ongoing monthly fee. The initiation fee is payable at the time of the medical assessment and For each scenario provide the journal entries that would be recorded to recognize the revenue under the earnings approach. (List debit entries before credit entries. If no entry is required, select "No Entry" for the account titles. Select "Dr." for account debited and "Cr." for account credited from the drop down.) No. Account Titles and Explanation Debit/ Credit x. (At time of membership purchase.) Each month over the 1-year term.) 2. (At time of delivery.) Over the one-year term of the loan.) 2. Capture d'cran enregistre La capture d'cran a t ajoute OneDrive. (Upon final payment.) 3. (At time of ticket purchase.) 3. (As each game is played during the season.) 4. (At time loan is provided.) 4. (Over the two-year loan term.) 4. (Upon final payment.) 5 6. (At time of delivery in September.) 6. (At time of payment in October.) 7. (At time of delivery in June.) 7. (Over the 5-year period.) 8. (Receipt of initiation fees.)