A promise to transfer a good or service that is distinct is known as a: Group of answer choices Performance obligations Transaction price Revenue ContractBark Enterprises sells annual memberships to its social club and operates on a fiscal year that ends on June 30. Annual memberships cost $840 each. On July 1, Bark sold 1,200 memberships and received cash. How much revenue should Bark recognize from the memberships on July 1? Group of answer choices $0 $84,000 $405,000 $1,008,000