3 Connect Assignment Sand According to the revenue recognition principle, revenues should be recognized when or as the company performs acts promised to the customer. For many businesses, this condition is met at the point of delivery of goods or services. The following transactions occurred in September Required: For each of the transactions, if revenue is to be recognized in September, indicate the amount. Activity wit 4 0 A customer paid for and downloaded song fles from Apple's iTunes store for $24 cash. Answer from Apple's standpoint b. Best Flooring provided a carpet installation for $1,600 cash. A comparable instatation from other companies costs $2,600. e Span Cable is scheduled to install digital cable at 1,100 Austin area homes next wook. The installation charge is $105 per home. The terms require payment within 30 days of installation. Answer from Span Cable's standpoint d Span Cable completed the instalations described in (c). Answer from Span Cabia's standpoint e Span Cable secoyed payment from customers for the installations described in (c) Answer from Span Cable's standpoint A customer purchased a ticket from QuickAr in September for $775 cash to travel in December Answer from Quick's standpoint Amount