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According to the revenue recognition principal, revenues should be recognized when they are earned, which happens when the company performs acts promised to the customer.

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According to the revenue recognition principal, revenues should be recognized when they are earned, which happens when the company performs acts promised to the customer. For most business, this condition is met at the point of delivery of goods or services. The following transaction occurred in September 2013: Required: For each of the transactions, if revenue is to be recognized in September, indicate the amount

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